Reported 1 day ago
TD Cowen analyst Shelby Tucker has initiated coverage on Vistra Corp. (VST), offering a Buy rating and a target price of $250. The firm views Vistra as a top pick, anticipating benefits from increasing electricity demand, particularly from data centers, and the need to upgrade utility assets. They expect elevated power prices in deregulated markets and predict steady earnings growth in the near future, suggesting that Vistra is well-positioned to capitalize on this 'once in a generation opportunity' in the electric utility sector.
Source: YAHOO