BMO Capital Maintains Outperform on Valero Energy, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Phillip Jungwirth maintains an Outperform rating on Valero Energy but lowers the price target from $175 to $165.
October 04, 2024 | 5:49 pm
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BMO Capital has maintained its Outperform rating on Valero Energy but has lowered the price target from $175 to $165, indicating a more cautious outlook.
The maintenance of the Outperform rating suggests continued confidence in Valero's performance, but the lowered price target indicates a tempered outlook, possibly due to market conditions or company-specific factors. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100