Bank of America Securities analyst Ross Fowler reiterated a Hold rating on Black Hills today and set a price target of $76.00.
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Ross Fowler has given his Hold rating due to a combination of factors, including expectations that first‑quarter 2026 earnings will be roughly unchanged from the prior year and slightly below market forecasts, as weather-related weakness offsets benefits from new rates and riders. Additional pressures from higher depreciation, interest costs, and minor share dilution are only partially counterbalanced by allowance for funds used during construction, limiting near‑term earnings momentum.
At the same time, Fowler sees only modest upside to the share price, with his $76 target implying a low‑single‑digit gain plus dividends, which he views as insufficient to justify a more bullish stance. While longer‑term earnings growth of about mid‑single digits, potential data center contracts, and ongoing regulatory and merger developments could provide upside, the need for clearer progress on these fronts leads him to maintain a Neutral view on the stock.
According to TipRanks, Fowler is a 5-star analyst with an average return of 7.6% and a 67.76% success rate. Fowler covers the Utilities sector, focusing on stocks such as Eversource Energy, Black Hills, and Emera.
In another report released on April 3, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $74.00 price target.