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

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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