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Fly News Breaks for February 3, 2020
MUSA
Feb 3, 2020 | 05:53 EDT
JPMorgan analyst John Royall upgraded Murphy USA to Neutral from Underweight with a price target of $102, up from $100. Following five weeks of significant underperformance, the shares are now trading at a fair multiple, Royall tells investors in a research note. The analyst thinks Murphy USA shares "should stabilize here given the fair valuation," particularly as focus shifts to what should be a relatively strong Q1 on widening fuel margins driven by crude/gasoline price declines.
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