BUZZ-KeyBanc initiates coverage on Vistra with 'overweight' rating

Reuters11-25
BUZZ-KeyBanc initiates coverage on <a href="https://laohu8.com/S/VST">Vistra</a> with 'overweight' rating

** KeyBanc initiates coverage on power utility Vistra VST.N with an "overweight" rating and price target of $217

** Brokerage says U.S. power market is entering a demand upcycle, driven by data centres, industrial reshoring and electrification

** VST’s dispatchable generation and partnerships with hyperscalers, such as Amazon and Microsoft, position it to capture this growth - KeyBanc

** Adds, VST's nuclear and modern gas assets benefit from scarcity pricing and reliability premiums

** KeyBanc notes co's ability to repower legacy sites and leverage existing interconnections creates durable competitive edge

** Twenty of 22 brokerages rate the stock "buy" or higher and two "hold"; their median PT is $234.5 - LSEG data

** As of last close, shares up 27% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment