Murphy USA price target raised to $450 from $400 at Wells Fargo

Wells Fargo raised the firm’s price target on Murphy USA (MUSA) to $450 from $400 and keeps an Equal Weight rating on the shares. The firm says Q1 setting up to be a boon for Murphy, with a return of oil volatility, retail fuel margins generally holding in better against the spike, and the prospects for improved volumes. Wells believes further 2026 upside is likely, but sees risk and reward balanced given sustainability questions.