Vistra price target raised to $241 from $145 at Jefferies

Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Vistra (VST) to $241 from $145 and keeps a Buy rating on the shares. The firm continues to see value in the shares despite the rally over the past three months. The analyst increased EBITDA estimates to reflect higher commodity and capacity pricing and “strong” projected free cash flow generation. The passing of the Texas SB6 in June have investors waiting for a Comanche deal announcement, the analyst tells investors in a research note.