Valvoline's stock falls after J.P. Morgan turns bearish on competition from Amazon [MarketWatch]
Valvoline Inc. (VVV)
Last valvoline inc. earnings: 2/3 05:00 pm
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investors.valvoline.com/overview/default.aspx
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Source: MarketWatch
Valvoline's stock falls after J.P. Morgan turns bearish on competition from Amazon Shares of Valvoline Inc. VVV, -6.54% sank 4.2% in premarket trade Friday, after J.P. Morgan turned bearish on the engine maintenance products company, citing concerns over competition from Amazon.com Inc., which recently launched a private-label motor oil. Analyst Jeffrey Zekauskas cut his rating back to underweight, after raising it to neutral on May 4. He cut his stock price target to $20, which is 10% below Thursday's closing price, from $22. Zekauskas said that while the AmazonBasics Full Synthetic Motor Oil was first available in July, the reviews are starting to come in, and are favorable. He noted that Amazon is selling a one-quarter synthetic oil six pack for the equivalent of $3.56 per quarter, while the comparable Valvoline product is priced at the equivalent of $9.49 per quart. "We think that the shorter-term effect of the new business competitor will be some reduction in the Valvoline tra
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VVV
News
- Valvoline Inc. to Report Financial Results for Second Quarter 2024 and Host Webcast on May 8PR Newswire
- Valvoline Inc. Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 4.250% Senior Notes Due 2030 [Yahoo! Finance]Yahoo! Finance
- Valvoline Inc. Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 4.250% Senior Notes Due 2030PR Newswire
- A Look At The Fair Value Of Valvoline Inc. (NYSE:VVV) [Yahoo! Finance]Yahoo! Finance
- Valvoline Inc. (NYSE: VVV) is now covered by analysts at Mizuho. They set a "buy" rating and a $50.00 price target on the stock.MarketBeat
VVV
Earnings
- 2/6/24 - In-Line
VVV
Sec Filings
- 4/19/24 - Form 4
- 4/16/24 - Form 8-K
- 4/5/24 - Form 4
- VVV's page on the SEC website