Raymond James initiated coverage of Vistra (VST) with a Strong Buy rating and $216 price target Vistra has historically benefited from elevated power prices and is well-positioned for an up-cycle, the analyst tells investors in a research note. Additionally, Texas’ improving regulatory backdrop, with Senate Bill 6 passed, could unlock a data center PPA at Comanche Peak soon, and Vistra has prioritized buybacks, repurchasing nearly one-third of shares since 2021, the firm says.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VST:
- Vistra initiated with a Strong Buy at Raymond James
- Insider Sales Shake Datadog, Vistra, Vertiv, Intuit, Waste Management
- Vistra price target raised to $193 from $167 at BofA
- Early notable gainers among liquid option names on June 3rd
- Insider Sales Shake Schlumberger, Fastly, BigBearai, Nasdaq, Vistra