Casey's General Stores, Murphy USA Boosting Food, Beverage Offerings to Drive In-Store Sales, BofA Says
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BofA Securities reports that convenience stores Casey's General Stores (CASY) and Murphy USA (MUSA) are enhancing their food and beverage offerings to boost in-store sales amid declining cigarette sales. Casey's is noted for its strong prepared foods and regional fuel performance, while Murphy USA is expected to underperform due to its reliance on fuel and nicotine. BofA rates Casey's as a buy with a $700 price target and Murphy USA as underperform with a $405 price target.
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