Casey's General Stores (CASY) Shares Soar 4.90% on Bullish Analyst Coverage

Casey's General Stores (CASY) shares surged to a record high today, with an intraday gain of 4.90%.

KeyBanc initiated coverage on Casey's General Stores with an Overweight recommendation, reflecting a positive outlook on the company's prospects. This move likely contributed to the stock's upward momentum, as investors responded favorably to the analyst's bullish stance.

Additionally, Evercore ISI's analyst Michael Montani raised the price target for Casey's General Stores shares to $470. This increase in the price target suggests a heightened level of confidence in the company's future performance, further bolstering investor optimism and driving the stock's gains.