Stephens analyst Pooran Sharma lowered the firm’s price target on Murphy USA (MUSA) to $475 from $530 and keeps an Overweight rating on the shares after the company reported Q1 results. Despite the near-term softness, Murphy highlighted improving post-quarter trends, notes the firm, which still believes the setup supports low-to-mid-single-digit earnings growth, supported by the potential for meaningful share repurchases.
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