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Fly News Breaks for July 18, 2019
CASY
Jul 18, 2019 | 08:41 EDT
Jefferies analyst Christopher Mandeville raised his price target for Casey's General Stores to $183 from $167 after meeting with management. The analyst has confidence in Casey's continued share gains. He increased his estimates above consensus on greater conviction for fuel margin capture and a likely debt refinance. However, "sizable" upside remains and the stock's valuation remains attractive on an EBITDA growth basis relative to peers, Mandeville tells investors in a research note. He keeps a Buy rating on Casey's General Stores.
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