We recently published a list of Jim Cramer Put These 14 Stocks Under the Microscope. In this article, we are going to take a look at where Valero Energy Corporation (NYSE:VLO) stands against other stocks that Jim Cramer discusses.
When a caller asked for Cramer’s opinion on Valero Energy Corporation, he replied:
“You know I’d rather be in the Phillips, the PSX. See, that’s kind of a battle going on there, you know, and we can see what happens. I think Valero’s already had too much of a run.”
Massive storage tanks filled with crude oil and diesel fuels at an oil refinery.
Valero produces and markets petroleum-based and low-carbon transportation fuels, petrochemicals, renewable diesel, and ethanol. It distributes its products under various brand names. The company also supplies co-products like distillers grains and corn oil for animal feed.
On May 23, BofA increased its price target on VLO from $121 to $143 and maintained a Neutral rating. The firm updated its estimates for refiners and mentioned that its 2025 and 2026 EBITDA forecasts remain below consensus. It noted that price targets for Chevron, ExxonMobil, and Occidental saw minimal changes. However, the firm raised targets for refiners since the firm’s outlook no longer assumes a severe recession.
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This article is originally published at Insider Monkey.
