On September 24, Valero rose 3.02% in regular trading, trading at $387.28/share, with turnover of $290 million, rebounding sharply from the prior session's decline.
On the news front, Goldman Sachs significantly raised its price target on Valero from $365 to $457 while maintaining a Buy rating, implying approximately 18% upside from the current price level. The upgrade served as the core catalyst for the rebound, coming just one day after Jefferies downgraded the stock to Hold from Buy with a $401 target, which had triggered a 3.8% sell-off. The divergence between Goldman Sachs's bullish stance and Jefferies's cautious downgrade highlights a growing split among institutional views on the stock's valuation after its year-to-date surge of roughly 143%.
The broader Oil & Gas Refining & Marketing sector also recovered in tandem, with Marathon Petroleum up 2.37%, Phillips 66 up 2.03%, and HF Sinclair Corporation up 1.55%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)