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Investing.com - Jefferies downgraded Murphy USA (NYSE:MUSA) from Buy to Hold and significantly reduced its price target to $350.00 from $560.00. The stock has declined over 14% in the past week and is currently trading near its 52-week low of $357.23, according to InvestingPro data.
The downgrade reflects Murphy USA’s lowered EBITDA growth forecast for 2024-2028, which was cut from 6-7% to below 5%, according to Jefferies. The company’s current EBITDA stands at approximately $1 billion, with InvestingPro analysis showing three analysts recently revising their earnings estimates downward.
While fuel margins remain elevated for the convenience store operator, Jefferies cited softer in-store sales trends and a more cautious growth outlook as key factors behind the rating change.
The research firm noted that these developments reset expectations for Murphy USA and limit potential upside for the company’s shares.
Jefferies expressed a preference for Casey’s General (NASDAQ:CASY) Stores, highlighting its stronger merchandise momentum and continued store growth as factors that support potential upside to financial projections.
In other recent news, Murphy USA Inc. reported its second-quarter 2025 earnings, exceeding expectations with an earnings per share (EPS) of $7.36, surpassing the forecast of $6.77. Despite this positive earnings performance, the company’s revenue did not meet projections, coming in at $5.01 billion compared to the anticipated $5.13 billion. These earnings and revenue results are crucial for investors as they assess the company’s financial health and performance. There is no mention of any mergers or acquisitions involving Murphy USA in the recent reports. Additionally, there were no analyst upgrades or downgrades noted for Murphy USA. Investors often look to analyst reports for future guidance, but none were highlighted in this instance. Murphy USA’s recent developments focus primarily on its financial results for the quarter.
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