Stifel analyst Chris O’Cull lowered the firm’s price target on Valvoline (VVV) to $35 from $42 and keeps a Hold rating on the shares. Valvoline delivered fiscal Q4 same-store sales growth and EBITDA that were roughly in line with the firm’s expectations, but adjusted EPS was 2c below the firm’s and the Street’s 47c estimate, impacted by a combination of higher depreciation, interest, and tax expense. The company’s initial FY26 guidance that included the Breeze acquisition includes EBITDA below the firm’s FY26 projection when factoring in the impact of Breeze, the analyst tells investors.
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