Valero (VLO) Soars 140%, Morgan Stanley Targets $411 Ahead
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowValero Energy Corporation (NYSE: VLO) has experienced a rally, gaining over 140% since the beginning of 2026. This increase is driven by a surge in global refining margins due to reduced refining capacity and tight fuel supplies. Morgan Stanley analyst Joe Laetsch raised the price target for VLO from $255 to $411, indicating potential further upside of nearly 4% from current levels. The company returned $2.6 billion to shareholders in Q2, a significant increase from $695 million last year, highlighting its strong current performance and shareholder returns.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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