Keybanc Initiates Coverage of NiSource with Overweight Recommendation, Averaging $49.60 Share Price Target

Keybanc initiates coverage of NiSource (NI) with an Overweight recommendation, with an average one-year price target of $49.60/share, representing a 6.67% upside from its latest closing price. The projected annual revenue for NiSource is 6,052MM, a decrease of 8.89%, with a projected annual non-GAAP EPS of 1.92.