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.
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