Raymond James Maintains Strong Buy on Valero Energy, Lowers Price Target to $154
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 $156 to $154.
October 27, 2023 | 1:44 pm
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Valero Energy's price target has been lowered from $156 to $154 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 slightly less optimistic outlook, but the maintenance of the 'Strong Buy' rating suggests that the overall positive sentiment towards the company remains. This could lead to neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100