Energy Stocks Surge: Valero and Marathon Lead the Charge, Vistras Resilience Shines

Generated by AI AgentAinvest Market Brief
Thursday, Oct 3, 2024 6:30 pm ET1min read
PIPR--
VLO--
1. Valero Energy (NYSE: VLO)
Valero Energy surged by 6.13%. Valero Energy sees JP Morgan maintain an "Overweight" rating, lowering the price target to $151. Piper Sandler downgrades it to "Neutral" with a $123 target. Mizuho and Wells Fargo maintain their ratings, setting targets at $171 and $172, respectively.

2. Marathon Petroleum (NYSE: MPC)
Marathon Petroleum gained solidly by 5.7%. Marathon Petroleum's Q2 2024 revenue was $71.57 billion, with a net profit of $3.267 billion. JP Morgan, Piper Sandler, and Mizuho maintain neutral ratings with target prices of $172, $145, and $193, respectively. Morgan Stanley maintains an overweight rating, targeting $182.

3. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 5.64%. Vistra's 2024 mid-year revenue was $68.99 billion, down 9.39% year-over-year. RBC Capital maintains an outperform rating and a $141 target. Jefferies rates buy with a $137 target, Morgan Stanley overweight at $132, and BMO Capital outperform at $125.

4. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained solidly by 4.68%. Palantir Technologies co-founder and chairman, Peter Thiel, sold nearly $600 million in company stock recently, with total sales exceeding $1 billion this year. Additionally, Wedbush maintained an "Outperform" rating, while Raymond James downgraded Palantir to "Market Perform."

5. Ke Holdings (NYSE: BEKE)
Ke Holdings gained solidly by 4.68%. KE Holdings granted 1.378 million restricted stock units to 50 employees under the 2020 incentive plan, pending acceptance. Additionally, KE Holdings collaborated on a professional certification event and invested $2.143 million to repurchase 397,700 shares on September 25, 2024.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet