Casey’s General Stores price target raised to $340 from $305 at Wells Fargo

Wells Fargo analyst Anthony Bonadio raised the firm’s price target on Casey’s General Stores to $340 from $305 and keeps an Overweight rating on the shares. The firm continues to like the Casey’s story and 2025 setup, but a strong run to start the year, an in-line Q3, softer quarter-do-date fuel margins, and industry top-line weakness suggest that the risk/reward into next week’s Q3 update may not be overly compelling.