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Fly News Breaks for September 18, 2018
CASY
Sep 18, 2018 | 09:06 EDT
Northcoast analyst Chuck Cerankosky upgraded Casey's General Stores to Buy from Neutral with a $150 price target. The analyst said management's plan to enhance earnings growth and shareholder value is well underway as demonstrated by Q1 results. Cerankosky was "very impressed" with the 1.2 cent per gallon improvement in fuel profits, and said the performance highlights the benefits of managing the motor fuel business more intensely. Given strong valuations around recent acquisitions in the convenience story segment, the analyst believes Casy's General Stores' shares are attractive and recommends purchase.
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