Information Provided By:
Fly News Breaks for March 3, 2016
VLO
Mar 3, 2016 | 08:18 EDT
As previously reported, BofA/Merrill analyst Doug Leggate upgraded Valero to Neutral from Underperform and maintained his $78 price target. The analyst expects Valero to perform in line with peers ahead of seasonal margin strength through summer.
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.