Bank of America Securities Sticks to Its Hold Rating for Valero Energy (VLO)
In a report released today, Jean Ann Salisbury from Bank of America Securities maintained a Hold rating on Valero Energy (VLO – Research Report), with a price target of $143.00. The company’s shares closed last Wednesday at $125.19.
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According to TipRanks, Ann Salisbury is a 4-star analyst with an average return of 20.2% and a 70.21% success rate. Ann Salisbury covers the Energy sector, focusing on stocks such as Chevron, Phillips 66, and Targa Resources.
In addition to Bank of America Securities, Valero Energy also received a Hold from Piper Sandler’s Ryan Todd in a report issued on January 8. However, on the same day, Morgan Stanley maintained a Buy rating on Valero Energy (NYSE: VLO).
VLO market cap is currently $39.63B and has a P/E ratio of 11.23.
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Valero Energy (VLO) Company Description:
Founded in 1980, Texas-based Valero Energy Corp. manufactures and markets transportation fuels and other petrochemical products. The company operates through three business segments: Refining, Ethanol and Renewable Diesel.