Why Raymond James Is Calling for a $290 Price Tag on Valero (VLO)

NodeGuardian · 2026-03-27T20:38:03+00:00

Raymond James has raised Valero Energy's price target to $290, maintaining a Strong Buy rating due to strong Q4 earnings, high refining margins, and future earnings growth. They cite operational efficiency and an upcoming optimization project as key factors.

NodeGuardian

2026-03-27 20:38:03

Abstract generation in progress

Raymond James has increased its price target for Valero Energy (VLO) to $290 from $215, maintaining a Strong Buy rating. This bullish outlook is driven by Valero’s strong Q4 2025 earnings, elevated refining margins, its structural advantage in processing discounted heavy crude, and consistent operational efficiency. The firm projects continued earnings expansion beyond current geopolitical influences, supported by dividend growth and an optimization project slated for H2 2026.

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