Vista Energy downgraded to Neutral from Buy at UBS

UBS downgraded Vista Energy (VIST) to Neutral from Buy with a price target of $64, up from $60. Post the 120% rally since Milei was elected president in Argentina and 100% year-to-date, Vista Energy’s upside is more limited, as it seems the market is already pricing in the company’s improved performance expected for the two upcoming years, the analyst tells investors in a research note. UBS finds it still too early to pay upfront for performance later in the decade.