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.
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Published first on TheFly
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