Wells Fargo raised the firm’s price target on Valero (VLO) to $168 from $151 and keeps an Overweight rating on the shares. The firm is updating its model to reflect higher 2026 estimate multiples for refining and R&D, the analyst tells investors in a research note.
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Read More on VLO:
- Valero Energy’s Strong Performance and Market Conditions Drive Buy Rating and Price Target Increase
- Valero price target raised to $164 from $150 at UBS
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