Jefferies Starts NiSource (NI) at Hold

Jefferies initiates coverage on NiSource (NYSE: NI) with a Hold rating and a price target of $34.00.

Analyst Christopher Sighinolfi comments, "NI has a prime midstream footprint in one of the nation’s most productive basins with access to markets from the Gulf Coast to New England. It compliments this with a gas distribution presence across the Midwest and Mid-Atlantic and an electric utility in northern Indiana. NI offers a secure, regulated, long-term growth profile, but shares are largely reflective of future prospects at current levels."

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 $35.72 yesterday.

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