Morgan Stanley Keeps a Buy Rating on Valero Energy Corp (VLO)

Morgan Stanley analyst Benny Wong maintained a Buy rating on Valero Energy Corp (VLOResearch Report) today and set a price target of $110. The company’s shares opened today at $88.40.

According to TipRanks.com, Wong is a 1-star analyst with an average return of -5.2% and a 45.0% success rate. Wong covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Imperial Oil Limited, and Cenovus Energy Inc.

Currently, the analyst consensus on Valero Energy Corp is a Strong Buy with an average price target of $99.38.

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The company has a one-year high of $126.98 and a one-year low of $68.81. Currently, Valero Energy Corp has an average volume of 3.73M.

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Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol, and Renewable Diesel. The Refining segment comprises of refining operations, associated marketing activities, and logistics assets that support its refining operations.