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UBS analyst Ross Fowler has reaffirmed a Buy rating for NiSource, setting a $45 price target as the stock approaches its 52-week high. The company's growth outlook is bolstered by a projected increase in demand from large customers, with potential earnings growth contingent on regulatory approval of its declination application. Despite mixed fourth-quarter earnings, NiSource plans significant capital expenditures and aims for a 6% to 8% annual EPS growth rate, supported by strategic investments and infrastructure development.
UBS has reiterated its Buy rating on NiSource, setting a price target of $45, as the stock approaches its 52-week high. The company's Integrated Resource Plan anticipates a significant demand increase from large customers, potentially reaching up to 8.6 GW by 2035, which could drive long-term earnings growth. Despite a mixed Q4 2024 performance, NiSource plans to invest $19.4 billion over five years, targeting an annual EPS growth rate of 6% to 8%, while also increasing its dividend by 9.4%.
Julien Dumoulin Smith
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs maintains buy rating for nisource with growth outlook and price target
15:39 24.03.2025
ubs maintains buy rating on nisource with strong growth prospects
15:23 24.03.2025
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