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Stock impact report

TD Cowen Initiates Coverage on Vistra (VST) With $250 Target, Names It a Top Pick [Yahoo! Finance]

Vistra Corp. (VST) 
Last vistra corp. earnings: 5/3 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
coverage on the stock with a Buy rating and a price target of $250.00. The firm said that the energy company is a new top pick at the firm. “We see VST benefiting from structural tailwinds in the power space as electricity demand continues to grow faster than new generation can come online.” The analyst noted that there is an accelerated demand for electricity from data centers. Along with this demand, there is a need to upgrade utility assets, and together, both of these create a “once in a generation opportunity” for electric utilities. The firm anticipates power prices to remain elevated in deregulated markets. It further noted that such a level of demand for electricity in the U.S. has not been seen since the end of World War II. Based on this observation, it projects near double-digit rate base growth, supporting 7%-9% earnings growth for the “foreseeable future.” TD Cowen contended that the greatest opportunity for adding generation assets over time lies with those integ Show less Read more
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