Melius Research initiated coverage of Murphy USA (MUSA) with a Buy rating and $600 price target The company has a low-cost structure and its “high-growth, shareholder-focused business model” is positioned to capitalize on rising industry fuel margins, the analyst tells investors in a research note. The firm says Murphy is a large-cap player in the convenience store space with upstream fuel assets. The current pullback in the stock represents a good buying opportunity, contends Melius.
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Read More on MUSA:
- Murphy USA initiated with a Buy at Melius Research
- Murphy USA Highlights Strategic Initiatives at Investor Conference
- Murphy USA’s Strong Market Position and Growth Prospects Drive Buy Rating
- Murphy USA raises quarterly dividend by 2.1% to $1.96 per share
- Murphy USA Reports 2024 Results and 2025 Outlook
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