Casey’s General Stores price target lowered to $775 from $880 at Evercore ISI

Casey's General Stores Inc. acquired ASAP Energy Inc., a 20-store chain in Oklahoma, including its wholesale and fuel businesses. The purchase follows Casey's recent $1.145 billion acquisition of Fikes Wholesale, Inc. Casey's plans to rebrand and remodel the acquired stores, with CEO Darren Rebelez noting a 30% lift in performance at remodeled locations. The company also plans to open 120 new stores in 2026, focusing on small towns.

Jim Cramer commented on Casey's General Stores (CASY) and Texas Roadhouse (TXRH), noting oil prices are affecting both. CASY's fuel margins rose to 47.8 cents per gallon, but future earnings may be pressured. TXRH faces cost inflation, with commodity and labor costs up 7% and 3.9%, respectively. Both companies reported recent financial improvements.

Evercore ISI raised its Apple AAPL price target to $380, citing strong consumer interest in premium iPhone 18 models and other Apple products. The firm's survey showed 53% of respondents plan to buy iPhone 18 Pro or Pro Max, up from historical averages. Apple shares are near record highs, trading around $337.

Evercore ISI reports a better-than-expected iPhone 18 Pro refresh cycle, with 67% of buyers upgrading due to aging phones. The firm raised Apple's price target to $380, citing higher ASPs and Pro model demand. Analysts note potential risks, including price sensitivity and foldable cannibalization.

Evercore ISI raised its Apple price target to $380, citing strong iPhone 18 Pro and Pro Max launches. The firm expects higher pricing and unit sales, with 53% of respondents planning to buy. Apple shares have risen 24% YTD, with 27 of 45 analysts recommending buy or strong buy.

Evercore ISI raised Alphabet's (GOOGL) price target to $450 from $420, citing a proprietary survey. The survey shows Google's search engine market share at 78%, up from a low of 70% in 2024-2025. Gemini's share also increased, narrowing the gap with ChatGPT to 3 points.