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Fly News Breaks for June 13, 2019
CASY
Jun 13, 2019 | 08:33 EDT
Stephens analyst Ben Bienvenu noted that Casey's fuel gross profit increased "substantially" in Q4 and called the company's FY20 guidance "quite strong" given that he would expect it has been a challenging weather operating environment in the Midwest. He is encouraged by the path the company is on and raised his price target on the shares to $165 from $143 following the earnings report and guidance. Bienvenu keeps an Overweight rating on Casey's General Stores shares.
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