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Investing.com - TD Cowen has raised its price target on Valvoline (NYSE:VVV) to $45.00 from $40.00 while maintaining a Buy rating on the stock. The automotive maintenance company, currently trading at $37.99, has demonstrated strong fundamentals with a perfect Piotroski Score of 9, according to InvestingPro data.
The firm’s analyst team expects solid results from the automotive maintenance company but has lowered their third-quarter comparable sales estimate to +5.6% and earnings per share forecast to $0.46, which remains slightly above consensus estimates.
TD Cowen noted that investor inquiries about Valvoline have decreased as market participants await an expected Analyst Day that could reset the company’s narrative and growth algorithm.
The research firm highlighted that Valvoline shares have declined year-over-year despite what they consider a leading earnings algorithm and share growth in a defensive sector.
TD Cowen also pointed to Valvoline’s modest valuation as part of their investment thesis supporting the maintained Buy rating alongside the higher price target.
In other recent news, Valvoline Inc . reported its second-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $0.34, which missed analysts’ expectations of $0.36. However, the company’s revenue slightly exceeded forecasts, standing at $403.2 million against the anticipated $403.11 million. RBC Capital maintained an Outperform rating on Valvoline, with a $48 price target, noting the company’s better-than-expected same-store sales and projecting an acceleration in earnings per share for fiscal year 2026. Meanwhile, CFRA raised its price target for Valvoline to $42 from $31, citing promising sales and margin expansion prospects driven by increased vehicle miles traveled and the aging U.S. vehicle fleet. Goldman Sachs assumed coverage with a Buy rating and a $45 price target, highlighting Valvoline’s strong market position and recent refranchising transactions that could enhance value. Additionally, Valvoline announced the acquisition of Breeze Autocare, with the potential to boost its operations if they align with mature store metrics. Despite the EPS miss, Valvoline reaffirmed its full-year EBITDA guidance, indicating confidence in its future performance.
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