Jefferies Upgrades Murphy USA to Buy, Raises Price Target to $425
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Corey Tarlowe upgraded Murphy USA (NYSE:MUSA) from Hold to Buy and increased the price target from $375 to $425.
January 04, 2024 | 11:51 am
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POSITIVE IMPACT
Jefferies upgraded Murphy USA to Buy and raised the price target to $425, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or future performance. The increase in price target further reinforces the positive sentiment towards Murphy USA's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100