BMO and KeyBanc Stay Postivie on Vistra (VST) After Cogentrix Deal

Vistra Corp. (NYSE:VST) is one of the 10 Best NYSE Stocks to Buy According to Analysts. On January 6, BMO Capital reduced its price target on Vistra Corp. (NYSE:VST) from $245 to $230 but maintained its Outperform rating. This update comes after the company announced that it has entered into agreements to acquire Cogentrix Energy for a net purchase price of about $4 billion.

This deal includes 10 modern natural gas generation facilities and a total capacity of around 5,500 megawatts. According to Vistra Corp. (NYSE:VST), this acquisition is expected to close in mid-to-late 2026. BMO Capital increased its adjusted EBITDA forecasts for the company to $8.204 billion in 2027, $8.334 billion in 2028, and $8.510 billion in 2029.

On January 6, KeyBanc also reaffirmed its Overweight rating on Vistra Corp. (NYSE:VST) with a price target of $217 after the acquisition news. KeyBanc noted that the company expects the transaction to deliver mid-single-digit accretion in 2027, with average accretion reaching high-single-digit levels for the 2027 to 2029 period.

Vistra Corp. (NYSE:VST) is a retail electricity and power generation company that serves customers, businesses, and communities. It operates a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities.

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Disclosure: None. This article is originally published at Insider Monkey.