10:45 AM EDT, 05/12/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $2 to $50, reflecting 23.6x our next-12-month EPS estimate of $2.11, a significant premium to NI's three- and five-year historical averages of 18.9x and 18.8x, respectively, but only modestly above its one-year average of 21.8x. We lift our 2026 EPS view by $0.03 to $2.06 and our 2027 EPS estimate by $0.04 to $2.24. The GenCo initiative continues to gain momentum with expanded collaborations with Alphabet and Amazon expected to deliver approximately $1.4B in customer cost savings. While EPS contributions from the GenCo structure are expected to be small in the near term, NI sees earnings ramping up toward the end of the decade and beyond, becoming a larger component of NI's long-term growth expectations. We think NI has attractive rate base growth, EPS, and dividend growth opportunities from its capex program and clean energy efforts but view the current valuation as fair at 22.7x consensus estimates for 2026. We expect 8.4% EPS growth and 7.1% dividend growth in 2026.