Citigroup Maintains Neutral Rating on NiSource, Raises Price Target to $47

Citigroup has reiterated its 'Neutral' rating for utility company NiSource (NI), while simultaneously raising its price target for the stock. The financial giant increased its target from $44.00 to $47.00, marking a 6.82% upward adjustment. This move suggests a revised, more positive outlook on NiSource's future performance, despite the unchanged overall rating. The new target aligns closely with the average price target of $47.82 among 13 analysts, which implies a potential upside of 5.27% from the current market price. Investors will likely view this adjustment as a moderately positive signal, indicating underlying confidence in the company's prospects without a strong bullish endorsement.