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Fly News Breaks for September 12, 2018
CASY
Sep 12, 2018 | 08:41 EDT
Deutsche Bank analyst Paul Trussell raised his price target for Casey's General Stores to $142 saying the upside in Q1 surpassed elevated expectations. The strength in fuel margin was a clear standout in the quarter, Trussell tells investors in a research note while adding that he was equally pleased with the above plan comp and gross margin in grocery. He believes Casey's remains well positioned to accelerate growth beginning in the second half of fiscal 2019 and reiterates a Buy rating on the shares.
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