Piper Sandler raised the firm’s price target on Valvoline (VVV) to $50 from $44 and keeps an Overweight rating on the shares. The firm believes Valvoline’s shares present an attractive entry point. The last 12 months have been frustrating for the shares as the company faced dual headwinds from re-franchising transactions and SG&A investments to move to a more modernized tech architecture. However, with FY25 wrapping up at the end of September, and these headwinds winding down, Valvoline is poised for healthy EPS/EBITDA growth reacceleration in FY26 and FY27, Piper argues.
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