UPDATE: Deutsche Bank Upgrades Valero Energy on Bullish 2014 Outlook
December 09, 2013 at 09:23 AM EST
In a report published Monday, Deutsche Bank analyst Paul Sankey upgraded the rating on Valero Energy Corporation (NYSE: VLO ) from Hold to Buy, and raised the price target from $42.00 to $55.00. In the report, Deutsche Bank noted, “Since our ‘Diamond Age' (Oct 2010) refining upgrade, & subsequent ‘Future