Goldman Sachs analyst Neil Mehta upgraded Valero (VLO) to Neutral from Sell with a price target of $127, up from $115. The firm believes consensus revisions are now better reflecting the deceleration in the company’s refining profitability with 2025 earnings estimates having been negatively revised by 50% over the last year. Further, the crude environment is improving where OPEC is starting to add barrels into the market, the analyst tells investors in a research note. Goldman believes the incremental heavy barrels should support more favorable crude differentials and support margins at Valero.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VLO:
- Valero Energy’s Mixed Earnings Call: Challenges and Optimism
- Valero price target lowered to $151 from $159 at Wells Fargo
- Valero price target lowered to $118 from $121 at TD Cowen
- Valero Energy Reports Q1 2025 Financial Results
- Valero Energy: Buy Rating Affirmed Amid Operational Challenges and Strategic Long-Term Potential
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue