KeyBanc initiated last night coverage of Murphy USA (MUSA) with an Overweight rating and $550 price target The convenience store industry remains highly fragmented, supporting a favorable 5- to 10-year runway for consolidation in the sector, the analyst tells investors in a research note. The firm believes the industry also has little direct tariff risk and exhibits insulation from recession risk. Murphy USA is differentiated through its everyday low pricing focus, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MUSA:
- Murphy USA initiated with an Overweight at KeyBanc
- Stephens resumes Murphy USA at Overweight, sees stock positioned for growth
- Murphy USA resumed with an Overweight at Stephens
- Spotify upgraded, Freshpet downgraded: Wall Street’s top analyst calls
- Melius starts Murphy USA with Buy amid stock selloff