Goldman Sachs analyst Mark Jordan raised the firm’s price target on Valvoline (VVV) to $45 from $43 and keeps a Buy rating on the shares after its earnings beat. The firm comes away from the company’s Q2 results feeling more optimistic as same-store sales trends should remain strong in the near term, with higher prices aiding ticket growth and the company not seeing any changes to deferrals or trade downs, the analyst tells investors in a research note.
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