Raymond James raised the firm’s price target on Valero (VLO) to $172 from $155 and keeps a Strong Buy rating on the shares. Valero is one of the firm’s favorite ways to play higher refining margins in the outer years, with the added benefit of a material head start in key renewable themes, the analyst tells investors in a research note.
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Read More on VLO:
- Valero downgraded to Peer Perform from Outperform at Wolfe Research
- 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