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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NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100