Murphy USA Price Target Cut to $633 by JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. lowered their price target for Murphy USA (NYSE:MUSA) from $655 to $633 in a report on Friday, according to Benzinga.

This decrease points to a potential upside of 20.30% from the stock's current price of $526.17 per share, based on the company's current market capitalization and other factors.

Earlier this year, KeyCorp raised their price target for Murphy USA from $600 to $680 and gave the company an 'overweight' rating in a research report on June 12th. Zacks Research downgraded Murphy USA from a 'strong-buy' rating to a 'hold' rating in a research note on June 22nd.

The company has received several other ratings and target price changes this year, with Bank of America increasing their price objective for Murphy USA from $600 to $625 and giving the company a 'neutral' rating in a research report on July 10th.