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Enter Symbol:
Valero Energy Corporation (VLO) [hlAlert]

down 14.78 %

Valero Energy Corporation (VLO) rated Outperform with price target $55 by Friedman Billings

Posted on: Tuesday,  Jul 29, 2008  1:25 PM ET by Friedman Billings

Friedman Billings rated Outperform Valero Energy Corporation (NYSE: VLO) on 07/29/2008. Previously Friedman Billings rated Buy Valero Energy Corporation (NYSE: VLO) on
10/19/2007., when the stock price was $68.47. Since then, Valero Energy Corporation has lost 14.78% as of 12/16/2015's recent price of $58.35.
If you would have followed the previous Friedman Billings's recommendation on VLO, you would have lost 14.78% of your investment in 2980 days.

Valero Energy Corporation, incorporated in 1981, owns and operates 16 refineries located in the United States, Canada, and Aruba that produce conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as a slate of premium products, including conventional blendstock for oxygenate blending (CBOB) and reformulated gasoline blendstock for oxygenate blending (RBOB). The Company markets refined products on a wholesale basis in the United States and Canada through bulk and rack marketing network. It also sells refined products through a network of about 5,800 retail and wholesale branded outlets in the United States, Canada, and Aruba. The Company operates through two segments: refining and retail.

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/29/2008 1:25 PM Buy
32.58 55.00
as of 12/24/2008
1 Week down  -0.18 %
1 Month up  18.59 %
3 Months down  -11.83 %
1 YTD down  -59.70 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/25/2008 8:25 AM Buy
43.11 65.00
4/29/2008 2:25 PM Buy
51.62 77.00
3/19/2008 8:25 AM Buy
49.86 83.00
10/19/2007 9:25 AM Buy
68.47 92.00

(*) Stock Price at the time of the recommendation.
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