Wells Fargo analyst Anthony Bonadio upgraded Murphy USA to Overweight from Equal Weight with a price target of $350, up from $305. The analyst sees underappreciated support for stronger-for-longer fuel margins and is taking a more constructive view. Bonadio is upgrading Murphy USA given it is most exposed, Street estimates are too low, value should support share gains, and sentiment remains poor.
Published first on TheFly
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