Morgan Stanley Raises PT on Valero Energy (VLO) Stock

Valero Energy Corporation (NYSE:VLO) is one of the Best Bargain Stocks to Buy in June. On June 12, Morgan Stanley lifted its price objective on the company’s stock to $255 from $232 and maintained an “Equal Weight” rating on the shares. While the refining margins have softened from the mid-May peak, they are still elevated compared to the pre-conflict levels, added the firm’s analyst. Furthermore, the analyst updated the estimates for the latest strip prices through 2027.

In a different release, Valero Energy Corporation (NYSE:VLO) reported net income of $1.3 billion for Q1 2026 as compared to a net loss of $595 million for Q1 2025. The refining segment saw operating income of $1.8 billion for Q1 2026 as compared to an operating loss of $530 million in Q1 2025.

Capital investments came in at $448 million in Q1 2026. Out of this, $404 million was for sustaining the business, which includes costs for turnarounds, catalysts, and regulatory compliance.

Valero Energy Corporation (NYSE:VLO) is engaged in manufacturing, marketing, and selling petroleum-based and low-carbon liquid transportation fuels and petrochemical products.

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