Valero price target raised to $237 from $203 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Valero (VLO) to $237 from $203 and keeps a Buy rating on the shares. Estimates across U.S. Majors and Canadian Oils have been updated to reflect recent Middle East disruptions, with price targets raised despite strong year-to-date equity performance, the analyst tells investors in a research note.