Wells Fargo Maintains Overweight on Murphy USA, Raises Price Target to $460
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Anthony Bonadio maintains an Overweight rating on Murphy USA (NYSE:MUSA) and raises the price target from $440 to $460.
April 19, 2024 | 2:05 pm
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POSITIVE IMPACT
Wells Fargo raises Murphy USA's price target from $440 to $460, maintaining an Overweight rating.
The increase in price target by a reputable analyst like Anthony Bonadio from Wells Fargo is a strong positive signal for Murphy USA. It suggests confidence in the company's future performance and growth potential. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100