Actionable news
0
All posts from Actionable news
Actionable news in NI: NISOURCE Inc,

NiSource (NI) Stock Retreats, Downgraded at Credit Suisse

NEW YORK (TheStreet) -- Shares of NiSource (NI) were down in early-morning trading on Friday as Credit Suisse cut its rating on the stock to "underperform" from "neutral."

The firm has a $25 price target on shares of the Merrillville, IN-based utility company.

"While NI has attractive qualities such as strong visibility to future growth prospects and a relatively benign regulatory environment in which it operates, NI appears expensive relative to its own history, expensive relative to utilities, and expensive relative to our MLP coverage," Credit Suisse wrote in a note this...


More