Wells Fargo Maintains Equal-Weight on Valero Energy, Raises Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Equal-Weight rating on Valero Energy and raises the price target from $165 to $172.
September 03, 2024 | 1:19 pm
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POSITIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on Valero Energy but increased the price target from $165 to $172, indicating a positive outlook.
The increase in the price target suggests a positive outlook for Valero Energy, which could lead to a short-term increase in stock price. However, the Equal-Weight rating indicates a neutral stance, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100