Reported 1 day ago
Raymond James has reiterated its Strong Buy rating for Valero Energy Corporation (NYSE: VLO) and adjusted its price target to $170, citing long-term strength in U.S. refining conditions despite a challenging short-term economic environment. The firm anticipates a favorable refining scenario from 2026 onward, bolstered by the growth of renewable fuels. Valero's low-cost operational focus positions it well in the industry, although some analysts suggest exploring AI stocks for significant growth potential.
Source: YAHOO