BofA Said Valero (VLO) Is Cheap Regardless of Takeover Talk
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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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Analysts at BofA/Merrill Lynch said it is unclear whether takeover speculation on Valero (NYSE: VLO) is credible. That said, the firm said shares of the refiner are undervalued on any measure.
Shares of Valero rose 15 percent Wednesday on the takeover rumors.
Shares of Valero rose 15 percent Wednesday on the takeover rumors.
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