Guggenheim says the California fire will not be a “material issue” for Vistra (VST) if it is fully contained. The selloff on the news is a buying opportunity, the analyst tells investors in a research note. The firm highlighted reports indicating that the fire had not spread from the Phase 1 part of the company’s Moss Landing complex, and points out Vistra has property and business interruption insurance. Guggenheim has a Buy rating on the stock with a $177 price target
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