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Fly News Breaks for October 31, 2019
NI
Oct 31, 2019 | 06:02 EDT
Barclays analyst Eric Beaumont upgraded NiSource to Overweight from Equal Weight with a price target of $31, down from $32. The market is pricing in too much risk around NiSource's final Lawrence liability figure, Beaumont tells investors in a research note. As such, he believes the stock's underperformance over the past three months has created an attractive entry point. The analyst see upside to the current valuation even after making conservative assumptions related to unrecoverable costs from the Greater Lawrence Event.
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