Wells Fargo Maintains Equal-Weight on Valero Energy, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Equal-Weight rating on Valero Energy (NYSE:VLO) and lowers the price target from $126 to $120.

June 02, 2023 | 12:04 pm
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Wells Fargo maintains an Equal-Weight rating on Valero Energy and lowers the price target from $126 to $120.
The news directly mentions Valero Energy (NYSE:VLO) and the lowered price target by Wells Fargo analyst Roger Read. This may cause some investors to reevaluate their positions, but the Equal-Weight rating suggests that the stock is fairly valued, and the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100