Stifel analyst Chris O’Cull initiated coverage of Valvoline (VVV) with a Hold rating and $42 price target Valvoline, a pure-play automotive service provider and one of the largest quick lube operators in the U.S., expect to grow revenue 10%-14% and adjusted EPS 8%-15% in FY25 on a pro forma basis, the analyst noted. However, the company also pulled its long-term sales and same-store sales outlook, notes the firm, which says it s”enthusiasm is tempered somewhat” by unit-level returns and that it would likely be more constructive if the company successfully reduced the investment outlay to improve unit-level returns.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VVV:
- Valvoline management to meet with Mizuho
- Is Valvoline (VVV) Set for a Surge with Potential Tax Relief?
- Valvoline’s New ERP System Uncovers Financial Control Weaknesses, Posing Business Risks
- Valvoline price target lowered to $46 from $52 at RBC Capital
- Valvoline price target lowered to $42 from $46 at Morgan Stanley