Jefferies Lifts PT on Vistra Corp. (VST) to $241 From $145

Vistra Corp. (NYSE:VST) is one of the best stocks to invest in for beginners. On August 11, Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Vistra Corp. (NYSE:VST) to $241 from $145, keeping a Buy rating on the shares.

Vistra Corp. (VST) Is Experiencing A Trend That "Has Not Happened Since The 90s," Says Jim Cramer

Solar panel workers installing a new farm for clean energy generation.

The analyst told investors in a research note that the firm is continually seeing value in the shares despite the rally over the past three months.

The analyst lifted EBITDA estimates to take into account “strong” expected free cash flow generation and increased commodity and capacity pricing.

Dumoulin-Smith added that the June passing of the Texas SB6 has caused investors to look forward to a Comanche deal announcement.

Vistra Corp. (NYSE:VST) provides electricity and power generation. Its operations are divided into the following segments: Retail, Texas, East, West, Sunset, and Asset Closure.

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