JP Morgan Maintains Overweight on Valero Energy, Lowers Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall maintains an Overweight rating on Valero Energy (NYSE:VLO) but lowers the price target from $178 to $172.
July 02, 2024 | 3:39 pm
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JP Morgan analyst John Royall maintains an Overweight rating on Valero Energy but lowers the price target from $178 to $172.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100