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Wells Fargo Adjusts Price Target on NiSource to $51 From $49, Maintains Overweight Rating
Wells Fargo has increased its price target for NiSource (NI) shares to $51, up from the previous $49, while reiterating an “Overweight” rating on the utility company. This adjustment follows a similar move by BMO Capital, which also set a $51 price target for NiSource, indicating a positive outlook from multiple analysts. The updated price target and maintained rating suggest analyst confidence in NiSource’s future performance.