Valvoline price target lowered to $38 from $43 at Mizuho

Mizuho lowered the firm’s price target on Valvoline (VVV) to $38 from $43 and keeps an Outperform rating on the shares following the investor update. The company provided refreshed medium-term financial targets through fiscal 2028, which includes same store sales growth of 3%-5%, which tracked below investor expectations and current year guidance for 4%-6%, the analyst tells investors in a research note. Mizuho adjusted estimates post the update.