Raymond James Maintains Strong Buy on Valero Energy, Lowers Price Target to $156
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins has maintained a 'Strong Buy' rating on Valero Energy (NYSE:VLO), but lowered the price target from $164 to $156.
October 06, 2023 | 12:21 pm
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Valero Energy's price target has been lowered from $164 to $156 by Raymond James, though the 'Strong Buy' rating is maintained.
The news is directly about Valero Energy. The lowering of the price target might indicate a potential downside, but the 'Strong Buy' rating suggests that the analyst still sees significant upside potential. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100