BMO Capital Maintains Outperform Rating for Vistra: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has reaffirmed its Outperform rating on Vistra (NYSE:VST) and increased its price target from $52.00 to $60.00. Vistra's shares have risen 1.47% in the last 24 hours to $55.30. The new price target suggests an 8.5% potential upside. Vistra, a major U.S. power producer and retail energy provider, is set to complete the Energy Harbor acquisition in 2023.
March 04, 2024 | 5:00 pm
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BMO Capital maintains Outperform rating on Vistra, raising price target from $52 to $60. Shares currently at $55.30, indicating a potential 8.5% increase.
The reaffirmation of the Outperform rating and the increase in price target by BMO Capital are strong positive signals for Vistra. The analyst's upgrade typically suggests confidence in the company's future performance, potentially leading to increased investor interest and a rise in stock price. The completion of the Energy Harbor acquisition could further bolster Vistra's market position, supporting the stock's upward trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100