UPDATE: Credit Suisse Downgrades NiSource (NI) to Underperform; Stock 'Too Expensive', Says Analyst
- S&P, Dow rise on health stocks; Nasdaq weighed by Comcast
- Unusual 11 Mid-Day Movers 10/27: (PCMI) (OCN) (TTMI) Higher; (CYH) (RWLK) (AMFW) Lower
- Twitter (TWTR) Tops Q3 EPS by 4c; Announces Restructuring, Workforce Reduction
- Qualcomm (QCOM) to Acquire NXP Semi (NXPI) in $47B Deal
- Tesla (TSLA) Posts Q3 adj.-EPS of 71c
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
(Updated - August 19, 2016 10:46 AM EDT)
Credit Suisse downgraded NiSource (NYSE: NI) from Neutral to Underperform with a price target of $25. Analyst John Edwards said the stock was "just too expensive."
"While NI has attractive qualities such as strong visibility to future growth prospects and a relatively benign regulatory environment in which it operates, NI appears expensive relative to its own history, expensive relative to utilities, and expensive relative to our MLP coverage," said the analyst.
Shares of NiSource closed at $24.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Stifel Downgrades Boston Properties Inc. (BXP) to Hold
- Jefferies Raises Price Target on Western Digital (WDC) to $75; Reiterates Buy
- Jefferies Raises Price Target on Exelon Corp. (EXC) Following 3Q EPS Beat
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, Downgrades
Related EntitiesCredit Suisse
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!