Mizuho analyst Gabriel Moreen raised the firm’s price target on NiSource (NI) to $44 from $42 and keeps an Outperform rating on the shares. The firm says “solid jurisdictions” continue to underwrite earnings growth at the high-end of NiSource’s 6%-8% target and balance sheet improvement. Indiana load growth related to data centers represents “considerable upside,” the analyst tells investors in a research note.
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Read More on NI:
- Nisource Set for Growth: Strategic Expansion and Strong Financial Performance Drive Buy Rating
- NiSource price target raised to $43 from $39 at Wells Fargo
- NiSource Reports Strong 2024 Financial Results
- NiSource Earnings Call: Robust Growth Amid Challenges
- NiSource price target raised to $41 from $38 at BofA
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