Valero Energy Stock Falls After Morgan Stanley Downgrade
MT Newswires Live
Oct 04
Valero Energy (VLO) stock was down 2.5% in Friday trading after Morgan Stanley downgraded the refiner to equal-weight from overweight and lifted its price target to $175 from $160.
Trading volume stood at about 2.6 million shares, compared with a daily average of roughly 2.9 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.