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.
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Read More on VVV:
- Valvoline management to meet with Mizuho
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- 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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
