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Fly News Breaks for February 28, 2020
NI
Feb 28, 2020 | 06:27 EDT
Credit Suisse analyst Michael Weinstein upgraded NiSource to Outperform from Neutral with a price target of $31, up from $30. The analyst sees lower gas system operations safety and regulatory risk after the company agreed to sell its Massachusetts gas utility for $1.1B. Further, he notes NiSource eliminated a planned $500M-$700M block equity issuance this year.
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