Murphy USA price target raised to $467 from $463 at RBC Capital

RBC Capital analyst Irene Nattel raised the firm’s price target on Murphy USA (MUSA) to $467 from $463 and keeps a Sector Perform rating on the shares as part of a broader research note on Convenience Stores. Relative strength in gas margins, long-term track record of demand stability, and year-to-date momentum continuing into Q4 are supportive of the firm’s constructive view of the sector despite the backdrop of muted and value-oriented consumer spending augmented by uncertainty surrounding economic and geopolitical activities, the analyst tells investors in a research note.