NiSource Inc

NI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$27.00	Cywspw	Mrcbzlxh

No Surprises at NiSource's Investor Day; Still an Attractive Long-Term Investment

Travis Miller

Nov 7, 2022

We are reaffirming our $32 fair value estimate after NiSource announced a strategic plan focused on strengthening the balance sheet, managing operating costs, and increasing capital investments, all in line with our expectations. We are reaffirming our narrow moat and stable moat trend ratings.

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