Scotiabank lowered the firm’s price target on Valero (VLO) to $136 from $156 and keeps an Outperform rating on the shares. The firm is updating its ratings across the U.S. Integrated Oil, Refining, and Large Cap E&P sector, the analyst tells investors.
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Read More on VLO:
- Oil prices fall, putting U.S. shale production in peril, FT reports
- Valero price target lowered to $155 from $165 at Raymond James
- Valero Energy’s Strategic Management and Robust Cash Flow Justify Buy Rating Despite Short-term Challenges
- Valero put volume heavy and directionally bearish
- Valero price target raised to $165 from $164 at Raymond James