Market Overview

Why Valvoline's Stock Is Trading Higher Today

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Valvoline (NYSE: VVV) shares are trading higher on Thursday after the company reported better-than-expected fourth-quarter EPS and sales results.

Following earnings, Morgan Stanley maintained an Equal-Weight rating on the stock and raised its price target from $22 to $24.

Valvoline produces, markets, and sells automotive maintenance products, particularly lubricants, to retail outlets and installer customers worldwide. The company caters to do-it-yourself customers by selling products to auto-parts stores and leading mass-merchandisers via direct sales and distributors.

Valvoline shares were trading up 8.41% at $20.24 on Thursday during the time of publication. The stock has a 52-week high of $23.90 and a 52-week low of $9.06.

 

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