Valvoline price target raised to $41 from $39 at Citi

Citi raised the firm’s price target on Valvoline (VVV) to $41 from $39 and keeps a Neutral rating on the shares. The company’s fiscal Q1 print was a boost to confidence for the stock after a string of disappointing earnings days, the analyst tells investors in a research note. The firm, however, awaits more conviction in sustained earnings upside at Valvoline.