Scotiabank raises PT on utility Vistra

Scotiabank raises price target on utility Vistra VST.N to $293 from $287

The new PT represents a 76.11% upside to stock's last close

Brokerage says VST's power purchase agreement with Meta META.O cemented co's position as the top player among independent power producers for data center power contracts

Adds the agreement more than doubles VST's previously signed data center/hyperscaler capacity

"This is the type of deal that we suspect investors have been looking for, following relative stock underperformance," Scotiabank says

Brokerage expects the deal to ease investor concerns over data center contracts and sees more deals ahead, supported by recent gas acquisitions and ongoing investments

18 of 20 brokerage rate the stock "buy" or higher, 2 "hold", median PT is $232 - data complied by LSEG

In 2025, VST was up 3.12%