TD Cowen Maintains Buy on Valero Energy, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Gabelman maintains a Buy rating on Valero Energy (NYSE:VLO) but lowers the price target from $145 to $140.
October 25, 2024 | 7:24 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on Valero Energy but lowers the price target from $145 to $140, indicating a slight decrease in expected valuation.
The maintenance of a Buy rating suggests continued confidence in Valero's performance, but the lowered price target indicates a slight reduction in expected future valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100