BMO Capital analyst Phillip Jungwirth maintains $Valero Energy (VLO.US)$ with a buy rating, and adjusts the target price from $135 to $165.
According to TipRanks data, the analyst has a success rate of 41.3% and a total average return of 2.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Valero Energy (VLO.US)$'s main analysts recently are as follows:
The firm has adjusted its third-quarter crack assumptions for the refining sector and updated its estimates for 2025, setting new year-end targets based on these revisions. The analyst expresses caution regarding the near-term outlook for the refining group, noting that both U.S. and global operations maintain higher utilization rates than current demand necessitates.
The firm is modifying its projections for the North American Oil and Gas group, the U.S. refiners, and Canadian oilfield services companies. This revision comes in the wake of a significant drop in crude prices during September, with the expectation that these prices will stabilize around current levels through the remainder of the year.
Note:
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