Valvoline price target lowered to $41 from $50 at Piper Sandler

Piper Sandler analyst Peter Keith lowered the firm’s price target on Valvoline (VVV) to $41 from $50 and keeps an Overweight rating on the shares following relatively inline Q4 results and FY26 EPS guidance that was below expectations. The firm notes the company received clearance from the FTC to acquire 162 Breeze stores – and elevated interest expense and D&A caused FY26 EPS growth guidance to come in at +4%. Certainly, after a messy FY25 from refranchising and IT investments, this guidance is a bit of a disappointment, argues Piper.