UBS downgraded Vista Energy to Neutral from Buy with a price target of $47, up from $40. The analyst believes the company’s next two year’s guidance is already priced into the shares. The firm continues to like Vista and the investment thesis, as it remains confident in the company being able to drill, complete and tie in 46 wells per year. However, UBS says production below expectations, a decrease in oil prices or restrictions on outflow capacity could lead to downside risks to its base case.
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