NiSource price target raised to $50 from $49 at BMO Capital

BMO Capital raised the firm’s price target on NiSource (NI) to $50 from $49 and keeps an Outperform rating on the shares. It was an expectedly quiet quarter/update and despite the management’s confidence in advancing additional large load/data center contracts, the lack of incremental updates including contract timing likely drove the stock’s underperformance yesterday, the analyst tells investors in a research note.