BMO Capital raised the firm’s price target on Vistra to $125 from $120 and keeps an Outperform rating on the shares. The firm is positive on the company’s announcement that it is acquiring the 15% minority interest in its zero-carbon subsidiary Vistra Vision based on the attractive implied valuation about 7.9-times on enterprise value to expected EBITDA basis for a premium zero-carbon subsidiary and views the transaction as being consistent with the management’s “disciplined” asset allocation strategy, the analyst tells investors in a research note.
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