November 19, 2012 at 16:09 PM EST
Valero Energy Corporation gets "Value" Rating from Interactive Buyside Community with $40 Price Target
The analyst community of Interactive Buyside has issued an initiation report on Valero Energy Corporation (VLO) with a "Value" rating and a $40 price target.

The independent analyst`s thesis summary on the company is as follows:

The U.S. refining business has been a big winner in the energy space in 2012. In spite of this outperformance the refining space is trading at a forward multiple that implies the industry quickly reverts to the lower margin structure that has historically been the status quo. I believe, however, that the U.S. market has a medium-term structural advantage over the rest of the world which will allow certain refineries to earn a significant premium during that time. Valero is particularly attractive given that the stock earns a 17% FCF yield in 2013, and I think the market doesn`t understand the opportunity inherent in its LLS feedstock exposure.

Full report accessible at www.InteractiveBuyside.com

About Interactive Buyside:

Interactive Buyside ("IB") is a platform connecting a community of experienced independent analysts writing equity research to the community of individual investors. IB provides a library of independently written research accessible by a wide range of investors all for a discounted price. Individuals who sign up as Analysts and publish reports can take advantage of both professional and monetary benefits available. Individuals who sign up as Investors can access IB`s growing library of report content both free of charge and for a discounted price.


Content & Media Contact: newseditor@equitybrief.net




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Equity Brief via Thomson Reuters ONE

HUG#1659280
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here