UPDATE: Goldman Sachs Upgrades Valvoline (VVV) to Buy

(Updated - March 13, 2020 4:48 AM EDT)

(updating comment)

Goldman Sachs analyst Jason English upgraded Valvoline (NYSE: VVV) from Neutral to Buy with a price target of $24.00.

The analyst comments "The largest benefactor from a lower cost environment may prove to be VVV, which has also been one of the largest laggards in our coverage universe since Febraury 19, 2020 (-28% vs -19% for the XLP). We upgrade the stock to Buy, from Neutral, in this context and raise our FY20/FY21/FY22 EPS estimates by 4%/4%/2% in anticipation of lower base oil prices."

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 $15.87 yesterday.

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