B of A Securities Upgrades Valero Energy to Buy, Raises Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Doug Leggate upgraded Valero Energy (VLO) from Neutral to Buy and increased the price target from $156 to $210.
March 15, 2024 | 11:41 am
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Valero Energy upgraded to Buy from Neutral by B of A Securities, with a price target increase from $156 to $210.
The upgrade of Valero Energy to Buy from Neutral by a significant financial institution like B of A Securities, coupled with a substantial increase in the price target, is a strong positive signal to the market. This could lead to increased investor confidence and potential stock price appreciation in the short term. The analyst's decision is based on presumably thorough research and analysis, which further adds to the credibility of the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100