Casey's General Stores looks like it could chase another deal after a pause following its acquisition of Fikes, Deutsche Bank analysts say in a note. "We think M&A is back on the table," the analysts say. The analysts "would not be surprised if the company pursued another larger-size deal in the coming months" given its favorable valuation and the strength of its balance sheet, they say. Casey's can continue to focus on deals to grow its footprint as the cost to build continues to rise, especially given the fragmented nature of the convenience store market and the increasing costs for smaller operators, they say. And if the M&A market slows, the company can utilize its substantial land bank to build stores, they say. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

January 14, 2026 18:32 ET (23:32 GMT)

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