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Stock Market & Financial Investment News

News Breaks
March 19, 2013
06:21 EDTVLOValero Energy not looking to sell California refineries, Reuters reports
Valero Energy (VLO) CEO Bill Klesse says the company is not looking to sell its two California refineries, Reuters reports. Klesse said on the sidelines of the American Fuel and Petrochemical Manufacturers' conference that "It didn't seem like the right thing for our shareholders," and explained that "there aren't a lot of buyers...there's not a lot of value." Reference Link
News For 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.
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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