B of A Securities Downgrades Valero Energy to Neutral, Lowers Price Target to $152
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Doug Leggate has downgraded Valero Energy (NYSE:VLO) from Buy to Neutral and lowered the price target from $160 to $152.
August 15, 2023 | 12:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Valero Energy has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $152.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a lower stock price. The lowered price target also suggests that the analyst believes the stock is currently overvalued, which could further discourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100