Valero Energy shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $160 to $152.
Portfolio Pulse from Benzinga Newsdesk
Valero Energy's stock has been downgraded from Buy to Neutral by B of A Securities, which also lowered its price target from $160 to $152. This has resulted in a decrease in the trading price of Valero Energy shares.
August 15, 2023 | 12:32 pm
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Valero Energy's stock was downgraded by B of A Securities, leading to a decrease in its trading price. The price target was also lowered from $160 to $152.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Valero Energy's stock. This, coupled with the lowering of the price target, is likely to negatively impact investor sentiment and could lead to a decrease in the stock's price in the short term.
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