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Fly News Breaks for April 19, 2017
MUSA
Apr 19, 2017 | 07:15 EDT
Jefferies analyst Christopher Mandeville says he's an opportunistic buyer of Murphy USA on weakness following the company's weaker than excepted Q1 preliminary results and 2017 guidance reduction. The analyst continues to favor the company's "cost advantaged business model," margin expansion opportunities and "shareholder-friendly" total returns strategy. He keeps a Buy rating on Murphy USA with a $78 price target. Wells Fargo last night downgraded the shares to Market Perform.
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