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Fly News Breaks for September 11, 2019
CASY
Sep 11, 2019 | 07:18 EDT
Wells Fargo analyst Bonnie Herzog raised her price target for Casey's General Stores to $165 from $145 after the company delivered a "solid" Q1 led by "strong" fuel margins, "solid" Grocery comps and continued cost discipline. The analyst believes new CEO Darren Rebelez's decision to focus on the near-term deliverables of the company's Value Creation Plan is wise, although he notably did not commit to any long-term targets. Herzog reiterates a Market Perform rating on the shares.
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