Valero Energy shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $156 to $210.
Portfolio Pulse from Benzinga Newsdesk
Valero Energy's stock (VLO) experienced a rise after B of A Securities upgraded its rating from Neutral to Buy and increased its price target from $156 to $210.
March 15, 2024 | 1:51 pm
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POSITIVE IMPACT
Valero Energy's stock received a positive upgrade from B of A Securities, moving from Neutral to Buy, with a significant increase in price target from $156 to $210.
The upgrade by B of A Securities to a Buy rating and the substantial increase in the price target for Valero Energy's stock are strong indicators of the firm's positive outlook on VLO. This is likely to instill confidence among investors and could lead to a short-term increase in the stock price, as the market reacts to the new rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100