Casey’s General Stores upgraded to Neutral from Underweight at JPMorgan

JPMorgan upgraded Casey’s General Stores to Neutral from Underweight with a price target of $211, up from $173. The firm thinks current valuation levels are currently reflective of the company’s historical medians. Casey’s has generally underperformed due to its group high exposure to opex and its group low exposure to fuel margin but with inflation slowing, investors will become more willing to take a position in the shares, the analyst tells investors in a research note.