BMO raises Valero PT, citing low-cost advantage, strong Gulf Coast position

Valero Energy

06/04/2026 13:48

** BMO Capital Markets raises price target of refiner Valero Energy VLO.N to $270 from $230

** The new PT represents an upside of 10.6% to the stock's last close

** BMO says VLO is at the lower end of the global cost curve

** "Valero's U.S. Gulf Coast footprint positions it to access product export markets and source
the lowest cost crude in the world," BMO says

** Adds that VLO won't expect  meaningful gasoline weakness until prices reach about $5 per gallon, compared to $4/gallon currently

** 12 out of 21 brokerages rate the stock "buy" or higher and 9 "hold"; their median PT is $236 according to data compiled by LSEG

** As of last close, stock up ~50% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))