Valero Energy (VLO +2.1%) moves up after Morgan Stanley upgraded the shares to Overweight this...

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

Valero Energy (VLO +2.1%) moves up after Morgan Stanley upgraded the shares to Overweight this morning, citing optimism over the current refining cycle. The firm believes the trend will continue into the next fiscal year, and multiples will continue to re-rate at least through H2 2013.