Mizuho Securities analyst Nitin Kumar CFA maintains $Valero Energy (VLO.US)$ with a buy rating, and maintains the target price at $171.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 15.1% 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 expectations for Valero, marking to market its Q3 crack assumptions for the refining group and updating its estimates for the year 2025, as opposed to the previous year's estimates. The analyst expresses a cautious outlook over the near term regarding the industry, citing that the U.S. and global industry are operating at higher utilizations than what the current demand dictates.
In a broad revision of the Energy sector's projections, an analyst has updated estimates for the North American Oil and Gas group, U.S. refiners, and Canadian oilfield services. This adjustment comes after crude prices experienced a significant drop in September, with the anticipation that prices will stabilize around the current levels for the remainder of the year.
Note:
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