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Fly News Breaks for July 24, 2019
NI
Jul 24, 2019 | 08:18 EDT
As previously reported, Argus analyst Gary Hovis upgraded NiSource to Buy with a price target of $32, citing its valuation, stable balance sheet, and its efforts to improve the reliability of its gas distribution system. The analyst also speculates that the stock could become a buyout target given that larger utilities and private equity firms have acquired smaller utilities because of their "stable earnings growth and above-average dividend yields."
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