KeyBanc: 'Murphy USA (MUSA) Remains a Compelling LT SMID Growth Story'

KeyBanc analyst Bradley Thomas reiterated an Overweight rating and $480.00 price target on Murphy USA (NYSE: MUSA).

The analyst commented: "MUSA remains a compelling LT SMID growth story, supported by its EDLP market positioning, supply chain efficiencies, and square footage growth ramping to 5.5-6.0%. We recently hosted investor meetings with MUSA and came away incrementally positive. While it remains a challenging economic backdrop, we believe some transitory headwinds from 1H should reverse in 2H. We also believe the P/E multiple decline (from 21x to 15x today) supports a more compelling entry point for investors. We maintain our OW rating and $480 PT."

For an analyst ratings summary and ratings history on Murphy USA click here. For more ratings news on Murphy USA click here.

Shares of Murphy USA closed at $373.64 yesterday.

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