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Stock Market & Financial Investment News

News Breaks
March 26, 2013
07:31 EDTVLO, FWLTFoster Wheeler signs service agreement with Valero Energy
Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has signed an evergreen agreement with Valero Energy (VLO) for the provision of home office engineering and project support services to Valero's Pembroke Refinery and other facilities in the UK. The terms of the agreement were not disclosed and bookings will be recorded as work is released by Valero. Foster Wheeler will provide home office front-end engineering design and detailed engineering design services t
News For FWLT;VLO From The Last 14 Days
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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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