Murphy USA price target raised to $425 from $410 at Stephens

Stephens analyst Ben Bienvenu raised the firm’s price target on Murphy USA to $425 from $410 and keeps an Overweight rating on the shares. The company continues to deliver against higher expectations and its strong competitive positioning has helped drive higher returns, the analyst tells investors. The business is carrying forward momentum into Q4 and the stock offers a compelling entry point as the firm believes it is “significantly undervalued,” Stephens adds.