NiSource price target raised to $47 from $46 at BMO Capital

BMO Capital raised the firm’s price target on NiSource (NI) to $47 from $46 and keeps an Outperform rating on the shares after hosting analyst meetings with its management team. The firm has come away incrementally positive on the NiSource story, given this week’s approval of the company’s GenCo/Declination filing, which provides increased speed-to-market and additional financial flexibility, the analyst tells investors in a research note. BMO further cites the company’s announced contract with a data center customer implying a strong capital program refresh with Q3 results.