Wells Fargo Raises Valero Energy Price Target to $489 From $485
Wells Fargo lifted its Valero Energy price target to $489 from $485 and kept its Overweight rating. Dow Jones Newswires reported the update.
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what happened
Analysts at Wells Fargo raised their price target on refiner Valero Energy to $489 per share from the previous $485. The bank kept its Overweight rating on the stock. The information is according to Dow Jones Newswires, which cited Benzinga ratings data.
why it matters
A price target change like this is a routine analyst update covering a single company. For the market, the more relevant point is that the rating stayed unchanged and the valuation edged up, which reflects the bank's view of the stock rather than a signal for the wider refining sector.
tags
instruments
sources
- Valero Energy Price Target Raised to $489.00/Share From $485.00 by Wells Fargo — Dow Jones Newswires, 23 October 2026 at 14:09 UTC
- Nasdaq Price Target Raised to $111.00/Share From $100.00 by Wells Fargo — Dow Jones Newswires, 23 October 2026 at 14:17 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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