Guggenheim lowered the firm’s price target on NiSource to $30 from $31 and keeps a Buy rating on the shares. Utilities have been material underperformers year-to-date compared to the broad markets and most names within the group are trading at discounted valuation levels, the analyst tells investors. Despite the sector’s underperformance, the firm maintains a neutral stance on the group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NI:
- NiSource price target lowered to $31 from $32 at BofA
- NiSource price target lowered to $30 from $31 at Evercore ISI
- NiSource price target lowered to $30 from $31 at BMO Capital
- NiSource to sell minority interest in Nipsco to Blackstone affiliate for $2.15B
- NiSource declares common and preferred stock dividends
