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Wells Fargo is generally upbeat on the refining sector but believes inland differentials will...

Wells Fargo is generally upbeat on the refining sector but believes inland differentials will decline as 2013 unfolds, and favors coastal refiners Marathon Petroleum (MPC), Valero Energy (VLO) and Tesoro (TSO). The firm hikes its valuation range on MPC to $100-$104 from $87-$91, on VLO to $54-$56 from $50-$52, and on TSO to $71-$74 from $62-$64.
Comments (1)
  • benitus
    , contributor
    Comments (1898) | Send Message
     
    As I had commented in another write-up, VLO has risen too fast and too much, so today it had a correction of more than 5%, which makes it good to pick up if it should continue its correction to $44 and below.
    20 Feb 2013, 03:11 PM Reply Like
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