TD Cowen raised the firm’s price target on Valero (VLO) to $165 from $162 and keeps a Hold rating on the shares. The firm said the shares benefited from macro tailwinds, notably US sanctions against Russia. It suggested recent Ukrainian attacks on Russian refineries have disrupted Rssian product exports, and Russian refineries could stay down longer than market expects.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $195 from $181 at Raymond James
- Valero price target raised to $197 from $177 at JPMorgan
- Valero price target raised to $201 from $200 at Piper Sandler
- Darling Ingredients price target lowered to $49 from $50 at Piper Sandler
- Valero Energy’s Strong Q3 Performance Balanced by Market Uncertainties: Analyst Maintains Hold Rating