Casey’s General Stores price target raised to $284 from $275 at RBC Capital

RBC Capital raised the firm’s price target on Casey’s General Stores to $284 from $275 and keeps a Sector Perform rating on the shares after its Q1 earnings beat. The company’s inside store metrics were “a gas pump better than forecast”, with gas margins driving higher than expected fuel gross profits, the analyst tells investors in a research note. Same-store operating expense growth also remained well contained as management focuses on labor optimization, the firm added.