Citi upgraded Vista Energy (VIST) to Buy from Neutral with an unchanged price target of $66. The recent 15% decline in the shares creates a better risk/reward profile, the analyst tells investors in a research note. The firm also sees the capital recycling process in Vaca Muerta potentially opening new routes of growth for Vista “as an interesting optionality.” Vista is Citi’s top pick within the oil and gas space in Argentina.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VIST:
- Vista Energy Announces Shareholders’ Meeting to Discuss Strategic Acquisitions
- Vista Energy Strengthens Leadership with Key Management Changes
- Vista Energy to Announce 2024 Financial Results in February
- Vista Energy price target raised to $72 from $68 at JPMorgan
- Vista Energy downgraded to Neutral from Buy at UBS