Murphy USA's stock price plummeted 5.30% during intraday trading on Thursday, following negative analyst action from RBC Capital.
The decline came after RBC Capital lowered its price target on Murphy USA to $445 from $467 while maintaining a Sector Perform rating on the shares. Analyst price target reductions are often interpreted as a signal of reduced confidence in a company's future earnings potential, which can trigger selling pressure from investors.
According to analyst data, Murphy USA has an average rating of hold among analysts, with a mean price target of $441.25. The RBC Capital adjustment represents a notable downward revision that contributed to the stock's significant decline during the trading session.