Black Hills price target lowered to $66 from $67 at Scotiabank

Scotiabank lowered the firm’s price target on Black Hills (BKH) to $66 from $67 and keeps a Sector Perform rating on the shares. While the company’s Q4 update was a bit underwhelming, the newer news was largely in line with the firm’s expectations, the analyst tells investors. Additionally, the firm saw little in the quarterly results that would change anyone’s thesis. Scotiabank, however, plans to remain on the sidelines due to better risk-adjusted growth outlooks elsewhere.