Morgan Stanley Reiterates Overweight on Valero Energy, Maintains $160 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has reiterated an Overweight rating on Valero Energy (NYSE:VLO) and maintained a price target of $160.
July 19, 2023 | 4:11 pm
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Morgan Stanley has reiterated an Overweight rating on Valero Energy and maintained a price target of $160.
The reiteration of an Overweight rating by Morgan Stanley indicates a positive outlook for Valero Energy. The maintained price target of $160 suggests that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100