VLO: Valero Energy Corp. Message Board

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Gold/Mining/Energy : VLO: Valero Energy Corp.

VLO 169.60

-0.3%

Oct 31 3:59 PM EST

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To: Dennis Roth who wrote (272)	6/11/2008 11:38:22 AM
From: Dennis Roth	of 299

Valero Energy Corporation (VLO) Lowering EPS Estimates - Neutral M. Flannery CAP: - Credit Suisse - June 11, 2008 · We are adjusting EPS estimates for VLO to reflect the recent sale of the Krotz Springs refinery, as well as lower expected refining margins for the company in the Northeast region in 2Q08. realized · As a result, 2Q08 EPS goes from $2.05 to $1.83 while FY08 EPS goes from $4.48 to $4.20. · Our $45 target price and Neutral rating remain unchanged.

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