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Morgan Stanley Gives a Buy Rating to Vistra Corp (VST)

Tipranks - Tue Mar 24, 10:32PM CDT

Morgan Stanley analyst David Arcaro assigned a Buy rating to the stock yesterday. The company’s shares closed yesterday at $151.29.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.7% and a 68.13% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vistra Corp with a $230.00 average price target, which is a 52.03% upside from current levels. In a report released on March 19, J.P. Morgan also maintained a Buy rating on the stock with a $240.00 price target.

Based on Vistra Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.34 billion and a net profit of $233 million. In comparison, last year the company earned a revenue of $7.36 billion and had a net profit of $441 million

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