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Morgan Stanley Calls Retail Energy Marketing A "Hidden Gem" In Research On Vistra, NRG

Says Strong Texas Retail Margins Are Defensible For Big Incumbents Sees Potential For Vistra, NRG To Gain Market Share From Retail-Only Competitors Calls Retail-Only Competitors, "Challenged"

In a research report initiating coverage of Vistra Energy (VST) and resuming coverage of NRG Energy, analysts at Morgan Stanley called retail energy marketing a, "hidden gem," for the companies, and said that, "[s]trong Texas retail margins are defensible for the big incumbents NRG and VST."

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