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Stock Market & Financial Investment News

News Breaks
March 26, 2013
07:31 EDTFWLT, VLOFoster 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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August 24, 2015
09:45 EDTVLOOn The Fly: Analyst Downgrade Summary
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07:24 EDTVLOValero downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merill downgraded Valero to Underperform and raised its price target to $68 from $64. The firm believes the Refining sector has reverted to a trading sector and downgrade shares ahead of a seasonal slow-down in demand and a deteriorating macro backdrop.
August 13, 2015
14:43 EDTVLOValero volatility increases as shares pull back from record high
Valero August call option implied volatility is at 36, September is at 35, December is at 34; compared to its 52-week range of 23 to 47 suggesting large price movement.

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