Casey’s General Stores Investor Day tone constructive, says RBC Capital

RBC Capital keeps a Sector Perform rating and $280 price target on Casey’s General Stores, stating that the tone of the company’s Investor Day presentation was constructive. The event provided an opportunity to refine expectations around the company’s key metrics, notably new store development/M&A, the analyst tells investors in a research note. The assumptions that underpin 8%-10% EBITDA CAGR to FY26 should be achievable for Casey’s General Stores given the operating backdrop and required investments, the firm added.