Vistra initiated with an Outperform at Scotiabank

Scotiabank analyst Andrew Weisel initiated coverage of Vistra (VST) with an Outperform rating and $256 price target as the firm started coverage on four large cap U.S. independent power producers with a bullish fundamental view on the group. The firm views Vistra as “a straightforward, high-quality IPP with a robust, well-diversified growth story and an attractive set of assets” that stand to benefit from strong industry fundamentals, the analyst tells investors.