Valero Energy shares rallied yesterday, fueled primarily by a significant analyst upgrade from Citigroup, which raised its price target on the stock from $302 to $485.
This bullish sentiment was bolstered by the company's recent Zacks Rank #1 designation, which highlighted a 26.3% increase in earnings estimate revisions over the last 60 days and a favorable PEG ratio of 0.28. The stock also benefited from a broader sector-wide surge in the oil and gas refining industry, as peers such