Goldman Sachs Downgrades Valero Energy (VLO) to Neutral
Get Alerts VLO Hot Sheet
Price: $163.89 +0.86%
Rating Summary:
21 Buy, 8 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
21 Buy, 8 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Goldman Sachs downgraded Valero Energy (NYSE: VLO) from Buy to Neutral with a price target of $73.00.
Analyst Neil Mehta notes shares are up 17.5% versus XLE -15.7% since February 12, 2015. They now see risk/reward as more balanced and step aside ahead of the OPEC meeting, which could result in further compression of the light-heavy differential.
For an analyst ratings summary and ratings history on Valero Energy click here. For more ratings news on Valero Energy click here.
Shares of Valero Energy closed at $65.55 yesterday.
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