Analyst Ratings For NiSource
Portfolio Pulse from Benzinga Insights
NiSource (NYSE:NI) received all somewhat bullish ratings from analysts in the last quarter, with an updated average 12-month price target of $30.75, reflecting a 4.24% increase from the previous target. Analysts from Barclays, Evercore ISI Group, and BMO Capital raised their price targets, indicating positive sentiment towards NiSource's market performance despite its revenue decline and lower market capitalization.
May 14, 2024 | 7:01 pm
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POSITIVE IMPACT
Analysts have collectively raised their 12-month price targets for NiSource to $30.75, indicating a positive outlook on the stock. Despite a revenue decline of -13.21%, NiSource's strong net margin and ROE suggest resilience. The unanimous somewhat bullish ratings from analysts could foster investor confidence, potentially influencing a short-term positive price movement.
The unanimous somewhat bullish sentiment from analysts, coupled with the raised price targets, suggests a positive market perception. Despite the revenue decline, NiSource's financial health, indicated by its net margin and ROE, may mitigate investor concerns, supporting a potential short-term uplift in its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100