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Fly News Breaks for August 23, 2016
VLP, VLO
Aug 23, 2016 | 07:49 EDT
Jefferies analyst Corey Goldman initiated Valero (VLO) with a Buy rating and $66 price target, citing the potential for ongoing M&A in the MLP space as well as the significant asset drop-down inventories at Valero Energy Partners (VLP). Goldman also initiated Valero Energy Partners with a Buy rating as he launched coverage on the U.S. refining sector.
News For VLO;VLP From the Last 2 Days
VLO
Apr 18, 2024 | 06:20 EDT
Citi analyst Vikram Bagri raised the firm's price target on Valero to $192 from $160 and keeps a Buy rating on the shares. The analyst refreshed the company's model for the latest commodity prices. Valero embarked on a larger maintenance period in Q1, which should position the company well ahead of a potentially strong summer driving season, the analyst tells investors in a research note. However, Citi sees low prospects for a sharp price reaction to the Q1 print with the shares up 29% year-to-date.
