BofA Securities Upgrades Vistra Energy (VST) to Buy

BofA Securities analyst Ross Fowler upgraded Vistra Energy (NYSE: VST) from Neutral to Buy with a price target of $152.00 (from $164.00).

The analyst comments "We raise our rating on Vistra Corp. (VST) to Buy from Neutral following the stock’s underperformance resulting from the lack of datacenter news. In the last few weeks, the stock has declined 27% and underperformed compared to the S&P 500 (SPX) and the Utility Index (XLU) by more than 9% and 14%, respectively. We view the base business of baseload generation and competitive retail as well-positioned to benefit from tightening markets in PJM and ERCOT, increasing demand and retail growth, regardless of datacenter deals. We also see upcoming clarity from FERC and the Texas legislature to spur datacenter deals forward. We believe VST’s potential is not reflected in its current valuation."

For an analyst ratings summary and ratings history on Vistra Energy click here. For more ratings news on Vistra Energy click here.

Shares of Vistra Energy closed at $123.95 yesterday.

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