Jefferies analyst Julien Dumoulin-Smith lowered the price target on Vistra Energy (NYSE: VST) to $192.00 (from $203.00) while maintaining a Buy rating.

The analyst commented, "Reiterate Buy. An ~11% FY28 FCF yield ex-buybacks (8x EV / EBITDA) offers a compelling entry pointy with 20% of EBITDA contracted. VST remains ~30% down since September 2025, despite announcing Texas & PJM data center nuclear contracts and the attractively priced Cogentrix acquisition. Shares are not pricing upside from future data center contracts. Ongoing PJM reform remains an overhang but asymmetric upside skew. "