JP Morgan Downgrades Murphy USA to Underweight, Raises Price Target to $435
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall has downgraded Murphy USA from Neutral to Underweight, while raising the price target from $415 to $435.
September 19, 2024 | 1:10 pm
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NEGATIVE IMPACT
JP Morgan has downgraded Murphy USA from Neutral to Underweight, indicating a less favorable view on the stock. However, the price target has been raised to $435, suggesting some potential for price appreciation.
The downgrade to Underweight suggests a negative outlook, which could lead to a short-term decline in stock price. However, the raised price target indicates some potential for future gains, creating mixed signals for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100