Vistra upgraded to Buy from Hold at Jefferies

Jefferies analyst Julien Dumoulin-Smith upgraded Vistra (VST) to Buy from Hold with a price target of $203, up from $191. The firm sees an improved risk/reward following the stock’s recent selloff. Vistra is down 25% seance September despite announcing Texas data center contracts and the “attractively priced” Cogentrix acquisition, the analyst tells investors in a research note. Jefferies says the stock at current levels is not pricing in future data center contracts.