Piper Sandler analyst Peter Keith raised the firm’s price target on Valvoline (VVV) to $44 from $41 and keeps an Overweight rating on the shares following a very solid beat-and-raise Q2 print. The firm continues to think Valvoline is one of the most appealing growth stories amidst an uncertain macro/oil price environment, and it expects shares will continue to move higher.
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Read More on VVV:
- Valvoline price target raised to $42 from $40 at Wells Fargo
- Valvoline Inc. Earnings Call Highlights Growth Momentum
- Valvoline price target raised to $45 from $43 at Goldman Sachs
- FTC says Valvoline must divest 45 oil change shops to address antitrust concerns
- Valvoline reports Q2 adjusted EPS 41c, consensus 34c