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Enter Symbol:
Rating: VLO
Outperform $67
up 15.00 %

Valero Energy Corporation (NYSE: VLO) reiterated to Outperform with price target $67 by RBC Capital Mkts

Friday,  Jan 30, 2015  12:25 PM ET by Dave Ficere

RBC Capital Mkts reiterated Valero Energy Corporation (NYSE: VLO) to Outperform with price target $67. Previously RBC Capital Mkts rated Outperform with price target $66 Valero
Energy Corporation (NYSE: VLO) on 10/02/2014, when the stock price was $45.60. Since then, Valero Energy Corporation's stock price has gained 15% as of 01/30/2015's recent price of $52.48.
If you would have followed the previous RBC Capital Mkts's recommendation on VLO, you would have gained 15% of your investment in 120 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.



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