KeyBanc Capital Markets has begun its coverage of Casey's General Stores (CASY, Financial) with an optimistic stance, awarding the stock an Overweight rating and setting a price target of $500. The research highlights the potential for growth within the convenience store sector, which is currently highly fragmented, presenting significant opportunities for consolidation over the next five to ten years.
The firm notes that the convenience store industry is relatively protected from direct tariff impacts and economic downturns, indicating a stable outlook even amid broader economic challenges. Casey's General Stores distinguishes itself in the market due to its popular pizza offerings, according to the analyst's insights.
