Scotiabank Maintains Sector Outperform on Valero Energy, Lowers Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Valero Energy but lowers the price target from $173 to $141.
October 10, 2024 | 5:30 pm
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NEGATIVE IMPACT
Scotiabank has maintained its Sector Outperform rating for Valero Energy but has reduced the price target from $173 to $141, indicating a more cautious outlook.
The reduction in the price target from $173 to $141 suggests a more cautious outlook on Valero Energy's stock performance, which could lead to a short-term negative impact on the stock price. However, the maintained Sector Outperform rating indicates continued confidence in the company's overall performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100