UPDATE - Global Hunter Securities Initiates Coverage on Valero Energy (VLO) with an Accumulate; Attractive Value Play

UPDATE - Global Hunter Securities initiates coverage on Valero Energy (NYSE: VLO) with an Accumulate. PT $33.00.

Global analyst said, "2011 has been a strong year for Valero, demonstrating both its earnings power even outside its mid-con footprint as well as the acquisition optionality afforded by its scale and huge balance sheet. Consensus expectations for the company remain aggressive, and though execution will remain a focus, we believe performance even somewhat below Street-wide estimates would position VLO shares as an attractive value-play."

To see more ratings changes on VLO, Click Here

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