BMO Lowers Vistra (VST) Target to $230 but Keeps Outperform Rating

Group 1 - Vistra Corp. is being closely monitored by analysts as a notable AI stock, with BMO Capital lowering its price target to $230.00 from $245.00 while maintaining an "Outperform" rating [1] - The company has agreed to acquire Cogentrix Energy, which includes 10 natural gas-fired power plants, for approximately $4.7 billion to address increasing power demand [2] - The acquisition deal consists of $2.3 billion in cash, around $0.9 billion in Vistra stock priced at $185 per share, and the assumption of about $1.5 billion in Cogentrix debt, net of expected tax benefits with an estimated NPV of $0.7 billion [3] Group 2 - Vistra expects the acquisition to close between mid to late 2026, and has revised its adjusted EBITDA estimates for 2027-2030, projecting figures of $8,204 billion, $8,334 billion, and $8,510 billion, along with free cash flow estimates of $4,814 billion, $5,027 billion, and $5,245 billion [4]