KeyBanc Bumps Price Target on NiSource (NI) After Upbeat Analyst Day

KeyBanc boosted its price target on Buy-rated NiSource (NYSE: NI) from $26.50 to $27.50 after the September 12 analyst day, where the company gave an update on its strategy to build out its regulated businesses and its low risk plan to grow midstream infrastructure centered around its Appalachian position.

"While the meeting content was in line with views, we walked away feeling incrementally better around management's credibility and ability to execute on the attractive business plan." the analyst commented. "We continue to view NI as one of the better positioned companies in the sector."

For an analyst ratings summary and ratings history on NiSource click here. For more ratings news on NiSource click here.

Shares of NiSource closed at $25.61 yesterday.

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