Casey's General Stores (CASY) PT Raised to $305 at BMO Capital

BMO Capital analyst Keely Bania raised the price target on Casey's General Stores (NASDAQ: CASY) to $305.00 (from $290.00) while maintaining a Market Perform rating.

The analyst comments "CASY's F3Q24 continued to demonstrate that CASY remains well-positioned for longterm growth, with significant gallon market share gains and widening competitive advantages to independents supported by prepared food strength. F3Q24 and February fuel margins were softer, but are also typically seasonally weak. We remain concerned that investors may be expecting stronger fuel margins, closer to high-30s cents-pergallon, compared to management's conservative mid-30s plan, which may leave fuel margins little room for error. We maintain Market Perform and raise our target price to $305, 22x our largely unchanged F25E EPS."

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