NiSource price target lowered to $30 from $31 at BMO Capital

BMO Capital analyst James Thalacker lowered the firm’s price target on NiSource to $30 from $31 and keeps an Outperform rating on the shares. The stock trades at a 1% discount to peers, and the firm continues to recommend NiSource as a core holding in the sector as it checks the three primary attributes that investors place a premium on – strong balance sheet, predictable regulatory environment with minimal rate case risk, and increasing emphasis on GARP/relative valuation given the widening dispersion in the group, the analyst tells investors in a research note.