Casey's General Stores climbs on Q4 revenue beat, PT raise
12/06/2024 13:41
** Shares of convenience store chain Casey's General Stores
CASY.O up 6.3% at $347 in premarket trading
** Co on Tuesday topped Q4 revenue estimates, benefiting
from strong demand for pizza and bakery items as well as
alcoholic and non-alcoholic beverages
** CASY also sees FY 2025 inside same-store sales increasing
3% to 5%, vs. 4.4% reported in FY 2024
** RBC Capital raises PT to $361 from $322 after results;
new PT represents a 10.5% upside to stock's last close
** Casey's strong results likely better-than-feared as
company's trends appear to be running contrary to softer
industry data, says BMO Capital Markets
** As of last close, stock had risen about 19% YTD
(Reporting by Granth Vanaik in Bengaluru)
((Granth.Vanaik@thomsonreuters.com; Twitter: https://twitter.com/Vanaik_Granth;))