Valero Energy shares rise nearly 5% on analyst price target hikes
VLO Valero Energy Corp
$456.46 +4.69%
View chart & analysis → - 1Citigroup's Vikram Bhagri raised the fair value estimate for Valero Energy from Vikram Bhagri's previous fair value of $302 to $485.
- 2Bank of America's Jin An Salisbury adjusted the price target for Valero Energy in early October from Jin An Salisbury's previous target of $395 to Jin An Salisbury's adjusted target of $414.
- 3Shares closed up nearly 5% as market participants bought Valero Energy.
So what's the key point?
Experts raised their estimates for the fair value of Valero Energy. As people bought the stock following this news, the share price rose by nearly 5%.
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