Vistra Stock (VST) Gets Bullish Call from BofA With $220 Target

Vistra Corp. (NYSE:VST) is one of the Trending AI Stocks on Wall Street. On August 12, BofA Securities analyst Ross Fowler raised the price target on the stock to $220.00 (from $214.00) while maintaining a Buy rating.

The rating affirmation comes with higher EBITDA forecasts and a price target raise that reflects updated power and capacity price assumptions, as well as the inclusion of a DCF for a potential Comanche Peak 20-year long-term PPA in valuation.

“We reiterate our Buy rating on Vistra Corp (VST) and update EPS as we MtM power prices and reflect a $329.17/MW-day capacity price through our forecast period. This leads to FY’25/FY’26/FY’27 EBITDA of $5,791/$7,062/$7,396 vs. $5,791/$7,007/$7,397 mn. We increase our PO to $220 from $214 as we adjust our EBITDA estimates and update our valuation methodology. We now include a DCF of a potential Comanche Peak 20-year long-term PPA a $90/MWh price for half the plant (1.2 GWs).”

Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company.

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