NiSource price target raised to $43 from $39 at Wells Fargo

Wells Fargo raised the firm’s price target on NiSource (NI) to $43 from $39 and keeps an Overweight rating on the shares. The firm notes the year-end 2024 update was constructive albeit somewhat low-key. Wells likes the setup for the remainder of the year with many shots on goal for potential upside and, not to be overlooked, minimal exposure to wildfire risk.