Mizuho Maintains Neutral on Valero Energy, Raises Price Target to $176
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Neutral rating on Valero Energy (VLO) and raises the price target from $173 to $176.

May 13, 2024 | 3:24 pm
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Mizuho analyst Nitin Kumar maintains a Neutral rating on Valero Energy and raises the price target from $173 to $176, indicating a stable but slightly more optimistic outlook for the stock.
The adjustment in price target by Mizuho reflects a minor but positive reassessment of Valero Energy's stock value, suggesting a slightly more optimistic outlook without changing the overall neutral stance. This could signal to investors that while significant growth or decline isn't expected, there's a slight upward bias in the stock's valuation. However, as the rating remains Neutral, the impact on the stock price might be limited in the short term.
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