BMO Capital raised the firm’s price target on NiSource (NI) to $51 from $50 and keeps an Outperform rating on the shares ahead of its Q1 results. The firm expects the management will provide an update on the financial impacts of recent data center announcements/updates, including its contract with Alphabet (GOOG) and expanded terms with Amazon (AMZN), the analyst tells investors in a research note. Alphabet transaction was smaller as expected, but it is accretive and a strong indicator that Indiana remains a key state for data center development, the firm added.
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