Valvoline assumed with a Buy at Goldman Sachs

Goldman Sachs assumed coverage of Valvoline (VVV) with a Buy rating and $45 price target Valvoline is a “best-in-class operator” that competes in a highly-fragmented market that benefits from non-discretionary, needs-based demand, and is positioned well in the current macro environment with limited impacts from tariffs, the analyst tells investors in a research note. The firm says the company’s current valuation is being weighed by certain narrative headwinds that will subside in the coming quarters, resulting in a multiple re-rating.