Fly News Breaks for September 11, 2019
Sep 11, 2019 | 09:06 EDT
Stephens analyst Ben Bienvenu said Casey's General Stores' in-store comps and margins remained "solid" in Q1. He also expects management comments that procurement savings and pricing initiatives, expected to be significant contributors this year, had a minimal impact during the quarter to be "very encouraging to bulls." The analyst, who sees Casey's being in the middle innings of a multi-year value creation plan, keeps an Overweight rating on the stock and raised his price target on the shares to $197 from $181.
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