The Zhitong Finance App learned that Jeffrey downgraded the ratings of refiners Valero Energy (VLO.US) and Marathon Crude Oil (MPC.US) from “buy” to “hold”. The target prices are 401 US dollars and 413 US dollars, respectively, saying that after the stock prices of these two companies have more than doubled in the past year, the valuations seem too high.

The Zhitong Finance App learned that Jeffrey downgraded the ratings of refiners Valero Energy (VLO.US) and Marathon Crude Oil (MPC.US) from “buy” to “hold”. The target prices are 401 US dollars and 413 US dollars, respectively, saying that after the stock prices of these two companies have more than doubled in the past year, the valuations seem too high.