BofA analyst Ross Fowler raised the firm’s price target on Vistra (VST) to $214 from $193 and keeps a Buy rating on the shares. Due to the “increasingly favorable environment” resulting from the recent push from the administration, the firm adjusts its EBITDA multiples and valuation methodology to apply a 50% premium on gas versus 20% previously, the analyst tells investors. The firm also updated its EBITDA estimates to mark-to-market power prices and update the capacity auction revenue based on the results for the 2026/2027 auction.
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