Vistra Corp

VST: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Vistra Energy: Tight Winter Power Markets in Texas Present Risks and Opportunities

We are reaffirming our $26 per share fair value estimate for Vistra after reviewing the outlook for this winter in the Texas power markets. We are reaffirming our no-moat and High Uncertainty ratings.

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