UPDATE - Barclays Upgraded Valero Energy (VLO) to Overweight; Compelling Valuation
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Price: $348.86 +2.15%
Rating Summary:
16 Buy, 15 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
16 Buy, 15 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Barclays upgraded Valero Energy (NYSE: VLO) to Overweight from Equal Weight. Price target boosted from $31 to $35.
Barclays analyst says, "Following its recent underperformance, we think VLO now offers a compelling entry point with limited downside risk. We also reiterate our short term positive outlook for the sector and think all independent refiners could offer substantial upside over the next 6-9 months."
Barclays adjusts FY11 EPS estimate from $4.75 to $4.60 and FY12 from $4.80 to $4.70.
To see more ratings changes on VLO, Click Here
Barclays analyst says, "Following its recent underperformance, we think VLO now offers a compelling entry point with limited downside risk. We also reiterate our short term positive outlook for the sector and think all independent refiners could offer substantial upside over the next 6-9 months."
Barclays adjusts FY11 EPS estimate from $4.75 to $4.60 and FY12 from $4.80 to $4.70.
To see more ratings changes on VLO, Click Here
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