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Valero Energy Corporation (VLO) [hlAlert]

Rating:
Equal-Weight
VLO

Valero Energy Corporation (VLO) rated Equal-Weight with price target $35 by Lehman Brothers

Posted on: Wednesday,  Jul 30, 2008  10:25 AM ET by Lehman Brothers

Valero Energy Corporation (VLO)
rated Equal-Weight with price target $35 by Lehman Brothers.

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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/30/2008 10:25 AM Hold
None
33.95 35.00
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
7/8/2008 12:25 PM Hold
None
35.89 40.00
4/30/2008 8:25 AM Hold
None
50.94 44.00
4/3/2008 8:25 AM Hold
None
51.82 45.00
3/25/2008 8:25 AM Hold
None
50.59 50.00
2/15/2008 8:25 AM Hold
None
57.66 51.00
1/8/2008 9:25 AM Hold
None
64.29 62.00

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