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

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.
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Comments (1)
  • rejiii
    , contributor
    Comments (40) | Send Message
     
    It's been a long 3 years waiting for Valero to pay off, but it was worth the wait. With its capability to refine thick crude from Canada, the sky is the limit if the Keystone pipeline happens.
    31 Jan 2013, 03:23 AM Reply Like
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