B of A Securities Reinstates Buy on NiSource, Announces $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ross Fowler has reinstated a Buy rating on NiSource (NYSE:NI) and set a price target of $37.
September 12, 2024 | 5:26 pm
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POSITIVE IMPACT
B of A Securities has reinstated a Buy rating on NiSource with a price target of $37, indicating a positive outlook for the stock.
The reinstatement of a Buy rating by a major analyst firm like B of A Securities, along with a specific price target, typically suggests confidence in the stock's potential to appreciate. This can lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100