Jefferies trims NiSource price target to $49 while retaining Buy; dividend and federal extension noted
Jefferies lowered its 12-month price objective for NiSource (NYSE: NI) to $49 from $50 but kept a Buy rating, pointing to multiple catalysts tied to an expanding data center relationship. The research house’s estimates imply above-Street earnings-per-share growth profiles, and the company announced a quarterly dividend and received a short-term fed…