Vistra price target raised to $248 from $227 at JPMorgan

JPMorgan raised the firm’s price target on Vistra (VST) to $248 from $227 and keeps an Overweight rating on the shares. The firm is “highly constructive” on Vistra’s outlook, seeing “multiple potential positive updates” by year-end. The company remains confident in the Comanche Peak opportunity, and JPMorgan sees the deal as a matter of when, not if, “creating an attractive entry point for patient investors,” the analyst tells investors in a research note. The firm believes demand for gas deals still appears strong.