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Fly News Breaks for December 12, 2018
CASY
Dec 12, 2018 | 08:02 EDT
Wells Fargo analyst Bonnie Lee Herzog raised her price target for Casey's General Stores to $130 from $120 after Q2 results that were stronger than expected as solid fuel margins and strong cost management led to overall margin gains both at the pump and in-store, despite very weak same-store fuel gallons led softer consumer demand and price optimization. The analyst believes management did a "good job" allaying concerns about weak fuel gallons and its relationship to fuel margins. Herzog reiterates a Market Perform rating on the shares.
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