Raymond James Backs Valero Energy (VLO) on Long-Term U.S. Refining Strength

Valero Energy Corporation (NYSE:VLO) ranks among the best performing energy stocks to buy now. Raymond James kept its Strong Buy rating on Valero Energy Corporation (NYSE:VLO) and reduced its price target from $172 to $170 on July 24. Despite a complex and possibly turbulent near-term macroeconomic outlook, the firm believes Valero Energy Corporation (NYSE:VLO) remains well-positioned to benefit from strong long-term U.S. refining conditions. Raymond James predicts a stronger refining scenario in 2026 and beyond, with renewable diesel and sustainable aviation fuel offering additional tailwinds over the same period.

Regardless of whether momentum in the refining industry may be waning, the firm notes that Valero’s focused low-cost strategy has placed the company at the forefront of the sector.

Valero Energy Corporation (NYSE:VLO) is an American downstream petroleum company that is mainly involved in the production and distribution of transportation fuels, along with other petrochemical products and power.

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