Murphy USA Reports Third Quarter 2016 Results

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Go back to Murphy USA Reports Third Quarter 2016 Results

Jefferies Cuts Price Target on Murphy USA (MUSA) to $85; Reiterates Buy

November 4, 2016 9:02 AM EDT

Jefferies maintained a Buy rating on Murphy USA (NYSE: MUSA), and cut the price target to $85.00 (from $89.00), following the company's 3Q earnings report. MUSA reported 3Q EPS results of $1.16 vs. $1.60 consensus. However, nearly all fundamental drivers to the L-T thesis remains intact... More