Casey's Food Strategy Wins Out While Murphy USA Struggles With Fuel Trends

Benzinga · Jan 10 02:55

Investors are closely watching the convenience retail sector as new research highlights shifting demand and competitive pressures.

BofA Securities analyst Lisa K. Lewandowski initiated coverage onMurphy USA Inc.(NYSE:MUSA) andCasey's General Stores, Inc.(NASDAQ:CASY).

Casey's General Stores

Analyst Lewandowski initiated coverage of Casey's General Stores with a Buy rating and a $700 price objective.

Lewandowski based the valuation on a 2027 EV-to-EBITDA multiple of 15.9 times. That multiple sits slightly above Casey's one-year average and well above most convenience store peers.

The analyst justified the premium by pointing to Casey's higher...

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