Raymond James Backs Valero Energy (VLO) on Long-Term U.S. Refining Strength

Valero Energy Corporation (NYSE:VLO) ranks among the best performing energy stocks to buy now. Raymond James kept its Strong Buy rating on Valero Energy Corporation (NYSE:VLO) and reduced its price target from $172 to $170 on July 24. Despite a complex and possibly turbulent near-term macroeconomic outlook, the firm believes Valero Energy Corporation (NYSE:VLO) remains well-positioned to benefit from strong long-term U.S. refining conditions. Raymond James predicts a stronger refining scenario in 2026 and beyond, with renewable diesel and sustainable aviation fuel offering additional tailwinds over the same period.

Raymond James Backs Valero Energy (VLO) on Long-Term U.S. Refining Strength

Regardless of whether momentum in the refining industry may be waning, the firm notes that Valero’s focused low-cost strategy has placed the company at the forefront of the sector.

Valero Energy Corporation (NYSE:VLO) is an American downstream petroleum company that is mainly involved in the production and distribution of transportation fuels, along with other petrochemical products and power.

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