Credit Suisse analyst Karen Short initiated coverage of Casey’s General Stores with a Neutral rating and $254 price target. Casey’s story is defensive but the stock’s valuation is fair at current levels, Short tells investors in a research note. The analyst says the company operates in an "attractive, macro resilient" industry but that its pricing could slow meaningfully in a weaker macro and a less inflationary environment.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CASY:
- Casey’s General Stores price target raised to $275 from $230 at Benchmark
- Casey’s General Stores price target raised to $291 from $286 at Deutsche Bank
- Casey’s General Stores downgraded to Neutral from Buy at Northcoast
- Casey’s General Stores price target raised to $263 from $256 at RBC Capital
- Casey’s (NASDAQ:CASY) Reports Mixed Q2 Results; Ups Guidance