At least four firms raise their price targets for Valero (VLO) after a stellar Q4. The biggest...

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

At least four firms raise their price targets for Valero (VLO) after a stellar Q4. The biggest bump comes from Oppenheimer, which ups its target to $55 from $40 as it sees further improvement in industry conditions that could boost earnings, cash flow and valuation. The completion of two major hydrocracker projects could reduce capex by $1B and generate $1.1B of EBITDA annually.