Wells Fargo Says Vistra (VST) Is Well Positioned for Growth

Vistra Corp. (NYSE:VST) is a Must-Watch AI Stocks on Wall StreetOn October 28, Wells Fargo initiated the stock as “Overweight” with a $238 price target. The firm stated that the utility and energy company is well-positioned.

The firm believes that Vistra is a strong pick within IPPs, with a similar story to Constellation Energy (CEG).

“We are initiating coverage of VST with an Overweight rating, as it fits within the absolute call on IPPs [independent power producer]—similar story to our Best Idea CEG, but with slightly longer dated catalyst path.”

Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company.

READ NEXT: 10 AI Stocks Analysts Are Watching Closely and 10 Trending AI Stocks on Wall Street’s Radar

Disclosure: None.