Morgan Stanley Boosts Valero Energy (NYSE:VLO) Price Target to $222.00

Morgan Stanley increased its price target for Valero Energy (NYSE:VLO) to $222.00 from $182.00, while maintaining an “equal weight” rating, suggesting a potential downside of 4.87% from its current price. Although Morgan Stanley’s target implies a slight downside, other firms like Wells Fargo, Goldman Sachs, BMO Capital Markets, and Scotiabank have set higher targets, contributing to a consensus “Moderate Buy” rating with an average target of $230.65. Valero recently surpassed quarterly EPS estimates and has an upcoming earnings report that is anticipated to be a key near-term catalyst.

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