RBC Capital raised the firm’s price target on Valvoline (VVV) to $47 from $46 and keeps an Outperform rating on the shares. The company delivered a strong beat and raise quarter while the management has confirmed that both company-operated and franchised stores have begun to take price, mitigating the impact of base oil inflation moving forward, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VVV:
- Valvoline price target raised to $44 from $41 at Piper Sandler
- 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