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Fly News Breaks for November 7, 2019
VST
Nov 7, 2019 | 06:11 EDT
BofA/Merrill analyst Julien Dumoulin-Smith upgraded Vistra Energy to Buy from Neutral with a $31 price target. The pullback in the shares post the company's Q3 results is "quite disconnected" from the recent uptick in both Electric Reliability Council of Texas power forwards and PJM Interconnection spark spreads, Dumoulin-Smith tells investors in a research note. The analyst believes the Street is underestimating the impact of higher power prices for Vistra Energy.
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