Evercore ISI Adjusts Price Target on Valero Energy to $325 From $385
Evercore ISI has revised its price target for Valero Energy Corporation, lowering it from $385 to $325.
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Valero Energy's vice president of crude, feedstocks supply and trading, Randy Hawkins, highlighted how rising tanker rates are forcing refiners to adjust supply strategies.
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Evercore ISI has revised its price target for Valero Energy Corporation, lowering it from $385 to $325.
Valero (VLO) stock rebounded nearly 2% premarket Wednesday, recovering after a 9.2% drop triggered by refining margin concerns.
Valero Energy Corporation's Board of Directors has declared a regular quarterly cash dividend of $1.20 per share on its common stock.
J.P. Morgan analyst Arun Jayaram has maintained a 'Buy' rating on Valero Energy (VLO) while increasing the price target from $439 to $447.