Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Valero Energy Upgraded to Buy at UBS

Details

  • Description

    FBN's Tracy Byrnes breaks down afternoon market news.

  • Duration 0:57
  • Date

Clips

Also in this playlist...

Tracy Byrnes

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

I'm Tracy -- via -- this -- brief we'll continues to be abolished day down on Wall Street.

Traders aren't buying mood on hopes the Federal Reserve may reveal plans and jumpstart the economy at the end of its two day meeting.

It's kicked off today right now the Dow is up about a 120 points in green arrows across the board.

And Valero Energy is also in rally mode on news of an upgrade UBS boosted the company's reading to a behind with -- 26 dollar price target.

The UBS says at current levels Valero shares offer an attractive risk and reward profile.

But some mixed signals out on the health of the US housing market housing starts fell more than expected in May jumping nearly 5% to an annual rate of seven -- thousand.

-- upside permits to build new homes rose to the highest level since September of 2008.

That's the latest from the Fox Business Network giving -- the power to prosper.

Load More