UPDATE: Seaport Global Securities Downgrades Valvoline (VVV) to Neutral

(Updated - November 22, 2017 9:28 AM EST)

(updated to add analyst comment)

Seaport Global Securities downgraded Valvoline (NYSE: VVV) from Buy to Neutral with a price target of $26.00.

Analyst Mike Harrison continues to like the company's long-term story but views the current risk/reward as balance after recalibrated his estimates lower ahead of FY 2018 transition year in which management plans to invest in the business and manage higher corporate costs.

For an analyst ratings summary and ratings history on Valvoline click here. For more ratings news on Valvoline click here.

Shares of Valvoline closed at $24.42 yesterday.

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