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Vistra initiated with an Overweight at KeyBanc

KeyBanc last night initiated coverage of Vistra (VST) with an Overweight rating and $217 price target The firm likes the company’s scale, “diversified” generation mix, and “strong” cash flow. These provide resilience and growth “optionality in a tightening U.S. power market,” the analyst tells investors in a research note. The firm believes Vistra is positioned to benefit from electrification and hyperscale-driven demand, with policy support adding further tailwinds.

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