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Fly News Breaks for October 15, 2019
MUSA
Oct 15, 2019 | 08:03 EDT
As previously reported, Stephens analyst Ben Bienvenu upgraded Murphy USA to Overweight from Equal Weight with a price target of $100, up from $92, citing his conviction following the company's Q2 report that it is in the early stages of a multi-year improvement in earnings power. The analyst, who raised his Q3 estimates ahead of the company's upcoming report, foresees a combination of sustained market share growth, improved profitability and accelerated share repurchases coming from Murphy USA.
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