Vistra price target raised to $236 from $229 at BMO Capital

BMO Capital analyst James Thalacker raised the firm’s price target on Vistra (VST) to $236 from $229 and keeps an Outperform rating on the shares. The firm’s recent meeting with the company management team underscored the relative strengths of its transactions and affirmed its positive outlook on management’s ongoing value creation strategy, the analyst tells investors in a research note. BMO adds that it sees substantial free cash flow generation at Vistra’s generation and retail operations in 2023 and a growing EBITDA contribution from its self-financing Vistra Zero carbon-free subsidiary.