Murphy USA price target lowered to $502 from $550 at RBC Capital

RBC Capital lowered the firm’s price target on Murphy USA (MUSA) to $502 from $550 and keeps a Sector Perform rating on the shares ahead of its Q2 results. The firm has updated its gas margin forecast, offset by valuation roll-forward to last-twelve-months to Q2 of expected FY27, following the introduction of preliminary FY27 estimates, though it is also reiterating the view that Murphy USA should continue to deliver solid earnings, cash flows, and return of capital, the analyst tells investors in a research note.