BUZZ-Scotiabank raises PT on utility Vistra

Reuters01-12
BUZZ-Scotiabank raises PT on utility <a href="https://laohu8.com/S/VST">Vistra</a>

** Scotiabank raises price target on utility Vistra VST.N to $293 from $287

** The new PT represents a 76.11% upside to stock's last close

** Brokerage says VST's power purchase agreement with Meta META.O cemented co's position as the top player among independent power producers for data center power contracts

** Adds the agreement more than doubles VST's previously signed data center/hyperscaler capacity

** "This is the type of deal that we suspect investors have been looking for, following relative stock underperformance," Scotiabank says

** Brokerage expects the deal to ease investor concerns over data center contracts and sees more deals ahead, supported by recent gas acquisitions and ongoing investments

** 18 of 20 brokerage rate the stock "buy" or higher, 2 "hold", median PT is $232 - data complied by LSEG

** In 2025, VST was up 3.12%

(Reporting by Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com))

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