KeyBanc raised the firm’s price target on Murphy USA (MUSA) to $560 from $500 and keeps an Overweight rating on the shares. The firm notes the company announced the appointment of Donald Smith, Jr. as SVP, CFO and Treasurer, effective April 3, which removes the interim title he held since October 2025. KeyBanc finds the announcement unsurprising as CEO West and Smith are well-equipped to lead MUSA. While the outlook for gas prices is uncertain, the firm believes Murphy is well-positioned given its EDLP strategy and is already seeing positive signals of share gains in geolocation data.
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