Casey’s General Stores price target raised to $291 from $284 at RBC Capital

RBC Capital raised the firm’s price target on Casey’s General Stores to $291 from $284 and keeps a Sector Perform rating on the shares. The firm anticipates “strong performance” from the company when it reports Q2 results on December 11th based on the latest reads around fuel margins and prices, the analyst tells investors in a research note. RBC is also rolling forward its valuation basis by one quarter while noting that it is confident in the company’s ability to continue to execute its well-tuned recipe for growth, aided by normalizing labor pressures, a better M&A environment, improving permitting and construction backdrop, and sustainability of fuel margins at levels above pre-pandemic.