2024-07-10 17:03:00

NiSource (NYSE:NI) saw a 1% increase in shares after Mizuho analysts gave an Outperform rating and a $33 price target. The company is expected to achieve 7.2% adjusted EPS annual growth through 2028, above the 6-8% target. NiSource benefits from capital deployment opportunities, regulatory support, and flexible financing options. Data center-related load growth in Indiana could further boost NiSource’s rate base growth, with potential projects in the medium to long term. The recent balance sheet improvements from the NIPSCO stake sale also support NiSource’s growth prospects.