JP Morgan Maintains Overweight on Valero Energy, Lowers Price Target to $151
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall maintains an Overweight rating on Valero Energy but lowers the price target from $172 to $151.

October 02, 2024 | 3:51 pm
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JP Morgan has maintained its Overweight rating on Valero Energy but reduced the price target from $172 to $151, indicating a more cautious outlook.
The reduction in the price target from $172 to $151 suggests a more cautious outlook on Valero Energy's stock performance, which could lead to a short-term negative impact on the stock price despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100