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Stock Market & Financial Investment News

News Breaks
September 15, 2013
17:13 EDTVLO, CSTCST Brands could rally 20%, Barron's says
CST Brands (CST), Valero's (VLO) retail spin-off, could climb 20% driven by boosting sales and profits at its corner convenience stores, Barron's contends in its Sizing Up Small Caps column. CST's real estate could be worth close to $1B, which could also help support the stock, the paper adds. Reference Link
News For CST;VLO From The Last 14 Days
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March 27, 2015
16:01 EDTVLOOptions Update; March 27, 2015
iPath S&P 500 VIX Short-Term Futures down 31c to 25.74 Option volume leaders: AAPL TSLA TWTR RAD FB PBR AMZN DOW VLO AMAT ALTR according to Track Data.
09:18 EDTCSTCrossAmerica CEO Topper to retire September 30
CST Brands (CST) and CrossAmerica Partners (CAPL) announced that Joe Topper, the CEO and president of CrossAmerica, has decided to retire as CEO effective September 30. In order to ensure a smooth leadership transition, Topper will resign as president of CrossAmerica effective immediately and Jeremy Bergeron, who served as CST Brands’ SVP of Integration and Development Operations, has been named CrossAmerica’s president. Topper will continue the day-to-day management of CrossAmerica until September 30th. Bergeron will report to Topper until Topper retires as CEO. Topper will also continue to serve on the boards of both CrossAmerica and CST Brands after he formally steps down as CEO. David Hrinak, CrossAmerica’s current EVP and COO, will continue in his role and report directly to Bergeron.
March 25, 2015
09:29 EDTVLORefining stocks can outperform commodities within cycle, says Cowen
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09:19 EDTVLORefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.

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