Valero Energy Corp. (VLO) Tops Q4 EPS by 72c

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Go back to Valero Energy Corp. (VLO) Tops Q4 EPS by 72c

Oppenheimer Raises PT on Valero Energy (VLO) to $55

January 30, 2013 12:14 PM EST

Oppenheimer raised is price target on Outperform-rated Valero Energy (NYSE: VLO) from $40 to $55 following strong Q4 results and a boosted buyback and dividend.

"We are raising our 12-18-month PT for VLO to $55 from $40 to reflect continued strong industry fundamentals of wide crude discounts,... More