Vistra price target lowered to $208 from $240 at Raymond James

Raymond James lowered the firm’s price target on Vistra (VST) to $208 from $240 and keeps a Strong Buy rating on the shares. Q1 is expected to be mixed across the IPP group, with limited broader read-through, the analyst tells investors in a research note. Vistra is likely to show weaker near-term results due to softer ERCOT weather, lower load, and weaker power prices, with differing offsets depending on each company’s retail and supply structure, the firm says.