Wolfe Research analyst Doug Leggate downgraded Valero (VLO) to Peer Perform from Outperform without a price target The firm cites valuation for the downgrade following the stock’s outperformance.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VLO:
- Valero price target raised to $149 from $136 at Scotiabank
- Valero price target raised to $160 from $142 at Piper Sandler
- Valero Energy: Positive Market Conditions and Segment Improvements Justify Buy Rating
- Valero price target raised to $168 from $151 at Wells Fargo
- Valero Energy’s Strong Performance and Market Conditions Drive Buy Rating and Price Target Increase