Valvoline price target raised to $44 from $42 at Wells Fargo

Wells Fargo raised the firm’s price target on Valvoline (VVV) to $44 from $42 and keeps an Overweight rating on the shares. While Q3 SW comps were a touch light, the firm sees the stock outperformance justified via gross margin percentage/adjusted EBITDA upside, quarter-to-date momentum, and an achievable Q4 outlook. Wells sees a solid entry point at about 11-times FY26 EBITDA, and believes the story should get cleaner from here.