Piper Sandler Lifts PT on Valero Energy (VLO) Stock

Valero Energy Corporation (NYSE:VLO) is one of the Best Multibagger Stocks to Buy for Long Term. On April 8, Piper Sandler lifted the price target on the company’s stock to $263 from $236 and kept an “Overweight” rating. Notably, the firm revised the estimates for the company on the basis of quarter-end mark-to-market on commodity pricing as well as marginal adjustments to its operating assumptions.

Piper Sandler Lifts PT on Valero Energy (VLO) Stock

Furthermore, it reduced the Q1 EPS estimate to $3.05 from the prior estimate of $3.74, with the EBITDA estimate reducing to $2.151 billion from $2.422 billion. Notably, the firm believes that Valero Energy Corporation (NYSE:VLO) remains well-placed compared to its peers in the current market environment. It expects tailwinds for earnings in 2026, while maintaining a bullish outlook on 2026 and beyond.

With Valero Energy Corporation (NYSE:VLO) remaining the firm’s top large-cap pick, the updated price objective is based on a revised FCF yield assumption.

Valero Energy Corp (NYSE:VLO) operates in the oil refining/marketing industry. The company is involved in manufacturing and marketing transportation fuels and other petrochemical products.

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