Keybanc Rates Murphy USA (MUSA) buy, $680 Price Target

Keybanc has reiterated its buy rating on Murphy USA, raising the price target to $680, a 19.30% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:11 PM EDT · Updated Jun 17, 2026, 3:01 PM EDT

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Keybanc rated Murphy USA Inc. ($MUSA) "buy" with a $680 price target on June 12, 2026.

Since the rating, $MUSA is down 11.4% after 1 week, down 1.9% after 1 month and down 11.9% to date (from the $621.82 close on Jun 12, 2026).

MUSA Murphy USA Inc.

$547.67 +35.65% year to date

Daily close · Oct 16, 2026

Key Points

On June 12, 2026, Keybanc reiterated its buy rating on Murphy USA Inc. (NYSE: MUSA) with a new price target of $680.
The stock closed at $569.99 on the same day, suggesting a potential upside of about 19.4% to the new target.
Analysts currently have a consensus buy rating on Murphy USA, with a mean price target of $617.8.

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Keybanc's Updated Rating on Murphy USA

Keybanc has reiterated its buy rating on Murphy USA Inc. (NYSE: MUSA) as of June 12, 2026, and raised its price target to $680. This comes as the stock trades at $569.99, indicating a potential upside of about 19.4% to the new target.

Analysts Set New Price Targets

Keybanc's action reflects confidence in Murphy USA's performance, especially as the company operates in the consumer cyclical sector, focusing on retail motor fuel and convenience products. The stock's current price is well above its 52-week low of $349.83, but still below its 52-week high of $636.05. This context is important as it shows how the stock is positioned relative to its historical performance.

Consensus Among Analysts

The consensus among analysts remains positive for Murphy USA. On August 7, 2026, JP Morgan maintained an Overweight rating with a target of $633. Wells Fargo also kept its Equal-Weight rating, raising its target from $520 to $570 on July 20, 2026. B of A Securities maintained a Neutral rating with a target increase from $600 to $625 on July 10, 2026. Meanwhile, Jefferies upgraded its rating to Buy on July 1, 2026, with a target of $625. This broad support from various firms indicates a generally favorable outlook for the stock.

What Murphy USA Inc. Does

Murphy USA Inc. specializes in marketing retail motor fuel and convenience merchandise through its various store brands, including Murphy USA and Murphy Express. The company, founded in 1996 and headquartered in El Dorado, Arkansas, operates primarily in the Southeast, Southwest, and Midwest regions of the United States. Its strong revenue growth of 40.8% in recent reporting reflects its robust market presence.

What's Ahead for Murphy USA Inc.

Investors will be watching for Murphy USA's next earnings report scheduled for October 28, 2026. The recent analyst ratings and price targets provide a positive backdrop as the company continues to navigate the retail fuel market. Remember, the ratings and targets reflect past performance and may change as new data comes in. Keybanc's reaffirmation of its buy rating suggests they see continued growth potential in Murphy USA's operations, but investors should keep an eye on future market conditions and company performance.

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