BMO Capital raised the firm’s price target on Casey’s General Stores (CASY) to $515 from $450 but keeps a Market Perform rating on the shares after its Q4 earnings beat. The company continues to demonstrate meaningful outperformance relative to c-store peers and industry data points, which along with strong execution, has supported its “impressive consistency” in EBITDA growth, the analyst tells investors in a research note. BMO adds however that the stock’s valuation and higher expectations have gone “from good to great” as it remains on the sidelines for now.
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