NiSource (NI) continues to demonstrate strong financial performance, featuring prominently in a series of coverage updates and results announcements. Its Q3 2024 results exceeded expectations, with profit increases and a strong trading day. This robust performance led to Mizuho establishing a new $40.00 price target. NiSource's strategic growth efforts and excellent earnings report led Jefferies to initiate coverage with a Buy recommendation, dubbing it a 'data center darling'. Despite some underperformance compared to competitors on specific days, NiSource continues its growth trajectory and is up 7.6% since the last earnings report. Its leadership in the dividend stock market further strengthens its position. The company's adjusted EPS for FY25 ranges between $1.84 to $1.88, aligning with consensus. Additional highlights include positive mentions by analysts and robust financial health, underscored by successful sales of NiSource shares by different asset management firms. Concerns over its price do surface amidst the positive sentiment, but given its strong earnings and future outlook, NiSource still secures a firm buy recommendation from multiple analysis groups.
Nisource NI News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Fri, 01 Nov 2024 21:13:00 GMT -
Rating 8
- Innovation 1
- Information 8
- Rumor 2
