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Fly News Breaks for November 16, 2016
MUSA
Nov 16, 2016 | 08:06 EDT
Jefferies analyst Christopher Mandeville views the 10% selloff in shares of Murphy USA following the U.S. election results as overdone. There are fears of a material change to the renewable fuel standard mandate and potential ramifications for Murphy's earnings, Mandeville tells investors in a research note. The analyst believes the company's fundamental outlook is "solid" and is a buyer of the stock at current levels. He keeps a Buy rating on Murphy USA with an $85 price target.
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