Market Overview

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

Share:
Related VLO
Deutsche Bank Is Making Moves With 7 North American Oil Refiners
Deutsche Bank: 'The Crude Parade Continues In The Gulf'
Range Resources (RRC): What's in Store for Q4 Earnings? - Analyst Blog (Zacks)

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
Feb 2015Deutsche BankUpgradesHoldBuy
Feb 2015Credit SuisseUpgradesNeutralOutperform
Feb 2015Goldman SachsUpgradesNeutralBuy

View More Analyst Ratings for VLO
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Price Target Analyst Ratings

 

Related Articles (VLO)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→