BofA analyst Ross Fowler lowered the firm’s price target on Vistra (VST) to $218 from $231 and keeps a Buy rating on the shares after the company announced a 20-year Power Purchase Agreement with Meta (META) for 2.6 GW of nuclear generation. The firm increased its FY26 and FY27 EBITDA estimates as it includes benefits from Vistra’s PJM PPAs, update generation data, and mark-to-market power and gas prices, but lowers its price target as it lowers its premium for gas with the recent uptick in forward prices and markets better reflecting the supply imbalance.
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