CASY - Casey's Solid Unit Growth Reduced Cost Structure In Focus: Analyst's Specific Recommendation For Growth Investors | Benzinga
Benchmark analyst John Lawrence reiterated a Buy rating on Casey's General Stores, Inc. (NASDAQ: CASY), raising the price target to $312.
The analyst's raised price target is based on the new FY25 EPS estimate of $13.00, as the analyst expects the management to continue to execute its unique growth model.
The stock currently trades at 22x the FY24 estimate of $12.15 and 21x the new $13.00 estimate for FY25.
Lawrence writes that the model consists of solid unit growth, above-average fuel margins, and improvements inside the store under a reduced cost structure.
With a strong balance sheet to fund a more aggressive unit growth strategy, the analyst believes growth investors will be rewarded as ...