Raymond James Maintains Strong Buy on Valero Energy, Lowers Price Target to $150
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Justin Jenkins maintains a Strong Buy rating on Valero Energy (NYSE:VLO) but lowers the price target from $169 to $150.
June 07, 2023 | 11:27 am
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POSITIVE IMPACT
Raymond James maintains a Strong Buy rating on Valero Energy (NYSE:VLO) but lowers the price target from $169 to $150.
The news of Raymond James maintaining a Strong Buy rating on Valero Energy indicates a positive outlook for the company. However, the lowering of the price target from $169 to $150 may cause some short-term uncertainty. Overall, the impact is likely to be positive in the short term as the Strong Buy rating outweighs the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100