Vistra Energy (VST) PT Raised to $29 at BofA Securities on Increased Visibility

May 10, 2022 8:32 AM EDT
Get Alerts VST Hot Sheet
Price: $23.39 -0.09%

Rating Summary:
    14 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 12 | New: 20
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BofA Securities analyst Julien Dumoulin-Smith raised the price target on Vistra Energy (NYSE: VST) to $29.00 (from $28.00) in a delayed increase after last week's earnings report where the company's above average hedging level allowed the management to renew long-term guidance.

The analyst reiterated a Buy rating, stating "With shares now trading at 12% unlevered/19% levered FCF yield, we reiterate our Buy given strong fundamentals with open exposure to the power rally, particularly for ‘23+."

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