VVV Should I Buy

Barclays initiated coverage of Valvoline with an Equal Weight rating and $35 price target. Stocks in the auto retail space offer good growth and shareholder return potential, the analyst tells investors in a research note. The firm likes the "resilience" of Valvoline's business model but says the ongoing Middle East tensions could also pose a risk to the company's sales. In addition, the stock could be pressured in the near term as two of Valvoline's largest shareholders are shutting down and will be winding down their stakes, adds Barclays.