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Wells Fargo cuts Casey's price target to $750 from $960 after Q1 miss

  • Wells Fargo lowered Casey's General Stores' price target after its first-quarter sales miss.
  • 3.2% same-store sales growth fell short of analyst expectations in Q1.
  • Casey's General Stores reported $5.68 billion in first-quarter revenue.

Wells Fargo lowered its price target for Casey's General Stores to $750 from $960 after the company reported 3.2% same-store sales growth in the first quarter, below analyst expectations. Despite the sales miss, Casey's reported revenue of $5.68 billion.

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