Raymond James downgraded Murphy USA (MUSA) to Market Perform from Outperform following the Q1 earnings report. Murphy USA’s Q1 results were “disappointing,” illustrating some concerns about the pathway for the core business to grow EBITDA, the analyst tells investors in a research note. Some of these challenges are likely transitory, but the duration of the impact is unclear, and Raymond James sees less core EBITDA upside in the near-term.
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Read More on MUSA:
- Murphy USA downgraded to Market Perform from Outperform at Raymond James
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