Valero Energy downgraded to Neutral from Outperform at Macquarie Macquarie believes the government's forced usage of biofuels is causing unintended consequences that will negatively impact refiners and may result in high RIN prices. The firm recommends taking profits in refiners with the greatest RIN risks and downgraded Valero (VLO) and HollyFrontier (HFC) to Neutral and CVR Energy (CVR) to Underperform.
News For VLO From The Last 14 Days
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