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Vistra price target raised to $224 from $220 at BofA

BofA raised the firm’s price target on Vistra (VST) to $224 from $220 and keeps a Buy rating on the shares after the company announced a 20-year Power Purchase Agreement for 1.2 GWs of power from Comanche Peak and also announced its plan to build 2 combustion turbines, totaling 860 MWs of capacity, at the Permian power plant by 2028. The firm updated its FY25, FY26 and FY27 EBITDA estimates to mark-to-market power prices and include the Comanche Peak PPA.

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