Murphy USA (MUSA) Added to Jefferies Franchise List

Jefferies analyst Christopher Mandeville reiterated a Buy rating on Murphy USA (NYSE: MUSA) and added the stock to the Jefferies Franchise List. The analyst also raised his price target to $82.00 (from $76.00).

Mandeville commented, "We grow increasingly confident in the intermediate-to-long term outlook and add our top C-store name to the Jefferies Franchise Pick list given the following: 1) a strong 1Q16 that confirmed robust merch. margin expansion (notably the CORE supplier contract), 2) cost savings are set to accelerate, 3) encouraging traffic patterns at WMT, 4) a cont'd favorable economic backdrop/secular trends, and 5) a more constructive view on RIN pricing."

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 $69.49 yesterday.

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