Market Overview

UPDATE: Dahlman Rose Raises PT to $55 on Valero Energy Corporation Following Q4 Beat

Share:
Related VLO
Carl Icahn: If Oil Refiners Crash, So Will The Economy
10 Notable Stocks Trading Ex-Dividend Friday, November 18
Is 'Value' Alive And Well? Let's Ask The '29.9% In 9 Months' Portfolio... (Seeking Alpha)

Dahlman Rose maintained Valero Energy Corporation (NYSE: VLO) with a Buy and raised the price target from $42.00 to $55.00.

Dahlman Rose commented, "Yesterday's nearly 13% gain in VLO shares is driven by sustainability in the themes that drove the 4Q beat, as opposed to merely the beat itself. Despite continued softness in domestic demand, crude availability in all of VLO's regions of operation continues to drive margin strength, expanded by the company's ability to source the most advantaged crudes. We maintain our Buy rating and raise our price target to $55, targeting 5x 2013E EV/EBITDA."

Valero Energy Corporation closed at $43.77 on Tuesday.

Latest Ratings for VLO

DateFirmActionFromTo
Nov 2016Tudor PickeringUpgradesHoldBuy
Oct 2016CitigroupMaintainsBuy
Aug 2016PiperJaffrayMaintainsNeutral

View More Analyst Ratings for VLO
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Price Target Analyst Ratings

 

Related Articles (VLO)

View Comments and Join the Discussion!