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Fly News Breaks for May 8, 2019
VST
May 8, 2019 | 08:25 EDT
As previously reported, BofA Merrill Lynch analyst Julien Dumoulin-Smith downgraded Vistra Energy to Neutral from Buy as he is cautious about upcoming datapoints around Texas power supply/demand and also sees some downside to PJM capacity auction prices off recent highs. The analyst, who is now basing his valuation of Vistra on a free cash flow approach, trimmed his price target on the stock to $28 from $29.
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