
KeyBanc initiates coverage on power utility Vistra VST.N with an "overweight" rating and price target of $217
Brokerage says U.S. power market is entering a demand upcycle, driven by data centres, industrial reshoring and electrification
VST’s dispatchable generation and partnerships with hyperscalers, such as Amazon and Microsoft, position it to capture this growth - KeyBanc
Adds, VST's nuclear and modern gas assets benefit from scarcity pricing and reliability premiums
KeyBanc notes co's ability to repower legacy sites and leverage existing interconnections creates durable competitive edge
Twenty of 22 brokerages rate the stock "buy" or higher and two "hold"; their median PT is $234.5 - LSEG data
As of last close, shares up 27% YTD