BofA lowered the firm’s price target on NiSource (NI) to $31 from $32 and keeps a Buy rating on the shares. The price target now reflects Blackstone’s (BX) 19.9% stake as NCI in both NIPSCO utility and consolidated estimates.
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Published first on TheFly
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Read More on NI:
- 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
- NiSource reports Q1 EPS 77c, consensus 75c