Information Provided By: 
Fly News Breaks for May 15, 2015
VLO
May 15, 2015 | 06:01 EDT
Goldman said Valero remains a top pick following a management meeting. The firm believes the turnaround is underappreciated and money managers still do not appreciate the increased capital discipline. Additionally, Goldman said Valero intends to purchase more share than 2014 levels, the Brent-LLS spreads will widen with growing US production and greater West Africa imports, and product markets are expected to remain tight. Shares are Conviction Buy rated with a $75 price target.
News For VLO 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.
