Valero target priced lifted at Imperial Capital, shares +2%

Valero Energy's (VLO +2%) price target is raised to $49 from $41 at Imperial Capital, which predicts a strong Q4 report coming.

"Due to improved crude price differentials, and thus expectations of refinery throughput at the top of management’s guidance, we estimate that VLO will report adjusted 4Q13 income of $0.97, up from our previous $0.60 estimate," when VLO reports Q4 earnings Jan. 29.

During Q4, VLO successfully completed the IPO of Valero Energy Partners (VLP), its logistics-focused MLP.

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Comments (3)
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
    price target RAISED to $49 and its trading at $53......nice...all this while WTI / Brent spread expands by the day. Currently $15
    9 Jan 2014, 12:44 PM Reply Like
  • doug.whatzup
    , contributor
    Comments (209) | Send Message
    Must be a time warp thing.
    9 Jan 2014, 02:52 PM Reply Like
  • scarman59
    , contributor
    Comments (50) | Send Message
    My sentiments exactly...seems all these anaylyst are behind the 8-ball on this one...perhaps they should have raised their target of 41 before it got to 49 and now raised it above it's current price. Or maybe they think the target for 12 months for now will be back down to 49.
    That's why I don't pay any attention to these guys!
    10 Jan 2014, 08:27 AM Reply Like
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