Valero Energy (VLO) Jumps On Citi Upgrade, Is The Stock Fully Priced?

Valero Energy (VLO) jumped nearly 5% after Citigroup analyst Vikram Bagri sharply lifted his valuation, highlighting long term refinery capture trends and wider heavy crude discounts, while still flagging risks tied to the refining cycle. The nearly 5% jump fits into a powerful run for Valero Energy, with a 30-day share price return of 20.06% and a 90-day move of 53.13% as investors focus on heavy crude discounts, strong refining economics and the upcoming October 22 earnings update. That...