Valero Energy downgraded at Bank of America on valuation
Bank of America downgraded Valero Energy to Neutral from Buy, citing weakened risk-reward profile and valuation concerns amid geopolitical uncertainties and crack spread volatility. The 2026 outlook report highlights potential impacts of a Russia-Ukraine peace agreement on refining margins. BofA trimmed Valero's price target to $195, noting limited upside due to geopolitical sensitivity and recent stock rally. The report also discusses broader sector risks, including oversupplied oil markets and lower Brent crude prices.
Source: businessinsider The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments