TD Cowen lowered the firm’s price target on Valero to $185 from $190 and keeps a Buy rating on the shares. The firm said diesel cracks have driven refining margins lower thoughte company sees several indications of diesel margins bottoming.
TD Cowen lowered the firm’s price target on Valero to $185 from $190 and keeps a Buy rating on the shares. The firm said diesel cracks have driven refining margins lower thoughte company sees several indications of diesel margins bottoming.