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Fly News Breaks for June 12, 2019
CASY
Jun 12, 2019 | 07:45 EDT
Wells Fargo analyst Bonnie Herzog raised her price target for Casey's General Stores to $140 from $130 following quarterly results. The analyst notes that the company is still in the early days of its transformative Value Creation Plan with a number of deliverables yet to materialize, but deserves credit for executing a "strong" Q4, which was boosted by favorable weather, effective cost controls, and an earlier-than-planned implementation of its retail price optimization tool. Herzog reiterates a Market Perform rating on the shares.
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