RBC Capital and Goldman Sachs both raised their price targets on Casey’s General Stores on June 25. RBC lifted its target from $794 to $850 while maintaining a Sector Perform rating, citing confidence in the company’s 8-10% compound annual growth rate in EBITDA through fiscal 2029. Goldman Sachs raised its target from $695 to $795 with a Neutral rating, sharing a similar view on the three-year EBITDA goal. Casey’s three-year plan includes adding at least 400 outlets through new-store construction and acquisitions, with CEO Darren Rebelez emphasizing expansion in the food business, growing the store base, and leveraging technology to enhance efficiency.
Caseys General Stores IncRBC and Goldman Sachs raised price targets on Casey's General Stores, citing confidence in EBITDA growth and expansion plans.