Goldman Sachs Maintains Sell on Valero Energy, Raises Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta maintains a 'Sell' rating on Valero Energy (NYSE:VLO) and raises the price target from $113 to $128.
September 01, 2023 | 12:58 pm
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NEGATIVE IMPACT
Despite the raised price target from $113 to $128, Goldman Sachs maintains a 'Sell' rating on Valero Energy.
The 'Sell' rating maintained by Goldman Sachs indicates a negative outlook for Valero Energy. However, the raised price target suggests that the analyst sees some upside potential, but not enough to change the overall negative rating. This could lead to downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100