NiSource Set For Outperformance But CenterPoint Energy Faces Regulatory Hurdles, Says BofA Analyst
Portfolio Pulse from Lekha Gupta
BofA Securities analyst Ross Fowler has reinstated a Buy rating for NiSource Inc (NYSE:NI) with a price target of $37, citing strong regulatory and financial execution. CenterPoint Energy, Inc (NYSE:CNP) received a Neutral rating with a price target of $29 due to regulatory challenges following Hurricane Beryl.
September 12, 2024 | 7:27 pm
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POSITIVE IMPACT
NiSource Inc (NYSE:NI) received a Buy rating from BofA with a $37 price target. The company is praised for strong regulatory and financial execution, with expected EPS growth and capital upside from data centers.
NiSource is recognized for its strong regulatory and financial execution, with a new management team delivering high-end results. The analyst expects capital upside and EPS growth, supporting a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
CenterPoint Energy, Inc (NYSE:CNP) received a Neutral rating from BofA with a $29 price target. The company faces regulatory challenges post-Hurricane Beryl, affecting its near-term recovery potential.
CenterPoint is dealing with regulatory challenges following Hurricane Beryl, which may hinder its near-term recovery. The analyst's Neutral rating reflects these hurdles, suggesting a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 85