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Morgan Stanley Raises its Price Target on Valero Energy (VLO) to $232

finance.yahoo.com · May 7, 2026 · 13:59

Valero Energy Corporation (NYSE:VLO) is one of the

10 All-Time High But Still Undervalued Stocks to Invest In.

On May 1, 2026, Morgan Stanley analyst Joe Laetsch raised the price target on Valero Energy Corporation (NYSE:VLO) to $232 from $222 and maintained an Equal Weight rating. Joe Laetsch said Q1 results came in ahead of expectations, supported by stronger refining throughput and margins, while Renewable Diesel improved on higher throughput and lower operating expenses, and Ethanol benefited from stronger margins and cost controls.

On April 30, 2026, Valero Energy Corporation (NYSE:VLO) reported Q1 adjusted EPS of $4.22 versus $3.16 consensus and revenue of $32.38B compared to $29.87B expected. CEO Lane Riggs said the company delivered an “excellent first quarter,” citing strong execution across operations, commercial activity, and financial management during a volatile commodity market environment.

Copyright: sifotography / 123RF Stock Photo

Prior to the earnings release, Scotiabank analyst Betty Zhang raised the price target on Valero Energy Corporation (NYSE:VLO) to $226 from $178 and maintained an Outperform rating as part of a broader sector update.

Valero Energy Corporation (NYSE:VLO) manufactures and markets petroleum-based and low-carbon transportation fuels and petrochemical products globally.

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