NiSource (NI) PT Raised to $44 at Jefferies

Jefferies analyst Julien Dumoulin-Smith raised the price target on NiSource (NYSE: NI) to $44.00 (from $43.00) while maintaining a Buy rating.

The analyst comments "'24 beat, '25 raise, LT reaffirmed, capex bump with no additional equity, and data centers have still yet to enter the picture. NI's positive re-rating to join the largest premium names is warranted, in our view, given the utility's strong rate base growth and consistent results — all of which still does not include data center upside despite the company's large opportunity pipeline. Premium GenCo return opps make the story even more enticing. Reiterate BUY."

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