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UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Raises PT on NiSource

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In a report published Monday, BMO Capital Markets reiterated its Market Perform rating on NiSource (NYSE: NI), and slightly raised its price target from $26.00 to $27.00.

BMO Capital noted, “Our 2012 estimate remains unchanged, but we are lowering 2013 by $0.02 owing to the roll through of higher interest expense experienced in the quarter. Although there are no fundamental changes to our model, we are rolling forward our valuation multiples to 2014 metrics, which increases our price target to $27.”

NiSource closed on Friday at $25.22.

Latest Ratings for NI

DateFirmActionFromTo
Dec 2016Goldman SachsInitiates Coverage OnNeutral
Dec 2016CitigroupUpgradesNeutralBuy
Nov 2016GuggenheimInitiates Coverage OnNeutral

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Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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