UPDATE: J.P. Morgan Initiates Coverage on CST Brands as Industry Trends Towards Non-Fuel Margin Growth
November 25, 2013 at 09:30 AM EST
In a report published Monday, J.P. Morgan analyst Katherine Lucas Minyard initiated coverage on CST Brands (NYSE: CST ) with an Overweight rating and $39.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage of two independent convenience store operators, CST Brands and Murphy USA. Against a