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.

While we acknowledge the risk and potential of VLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VLO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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