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Wells Fargo Sticks to Their Buy Rating for Vistra Corp (VST)

Tipranks - Tue Jun 30, 5:08AM CDT

Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Vistra Corp on June 25 and set a price target of $259.00. The company’s shares closed last Friday at $167.77.

End of Quarter Sale - 70% Off

Pourreza covers the Utilities sector, focusing on stocks such as NRG Energy, Public Service Enterprise, and Vistra Corp. According to TipRanks, Pourreza has an average return of 9.1% and a 71.75% success rate on recommended stocks.

Currently, the analyst consensus on Vistra Corp is a Strong Buy with an average price target of $225.08, a 34.16% upside from current levels. In a report released on June 24, Morgan Stanley also maintained a Buy rating on the stock with a $210.00 price target.

Based on Vistra Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.65 billion and a net profit of $1.03 billion. In comparison, last year the company earned a revenue of $5.17 billion and had a GAAP net loss of $268 million

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VST in relation to earlier this year. Earlier this month, Margaret Montemayor, the SVP & CAO of VST sold 4,600.00 shares for a total of $736,000.00.

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