Morgan Stanley analyst Joe Laetsch maintains $Valero Energy (VLO.US)$ with a buy rating, and maintains the target price at $167.
According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of 5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Valero Energy (VLO.US)$'s main analysts recently are as follows:
The firm has adjusted its expectations for Valero, marking to market its Q3 crack assumptions for the refining group. Future estimates have also been updated, shifting the focus to year-end 2025 projections. There is a note of caution expressed regarding the near-term outlook for the group, citing that the utilization rates in the U.S. and globally are outpacing demand.
The firm has revised its expectations across the North American Oil and Gas group, U.S. refiners, and Canadian oilfield services companies. This adjustment follows a significant drop in crude prices during September, with the anticipation that prices will stabilize around the current levels for the remainder of the year.
Note:
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