Morgan Keegan Reiterates Outperform Rating And $46 PT on CASY

In a recent report, Morgan Keegan has reiterated an Outperform rating on Casey's General Stores CASY and maintains a price target of $46 on the company as CASY reports consistant in-store sales, a strong history of industry leading returns, and outlook for a positive growth. In the report, Morgan Keegan said, "While Fuel comps (-2.2%) and Grocery comps (+2.9%) decelerated from prior months and were modestly below our estimates, both categories posted improvement in April on a two and three year stacked basis." Casey's General Stores closed yesterday at $39.55.