Scotiabank Maintains Sector Outperform on Valero Energy, Raises Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has maintained a Sector Outperform rating on Valero Energy (VLO) and increased the price target from $138 to $165. This adjustment reflects a positive outlook on the company's performance.
April 11, 2024 | 7:01 pm
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Scotiabank has maintained a Sector Outperform rating on Valero Energy and raised the price target from $138 to $165, indicating a positive outlook on the company's stock.
The increase in price target by Scotiabank, a reputable financial institution, suggests a strong confidence in Valero Energy's market performance and future prospects. This endorsement is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100