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

|About: Valero Energy Corporation (VLO)|By:, SA News Editor

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.