BofA raised the firm’s price target on Black Hills (BKH) to $59 from $55 and keeps an Underperform rating on the shares. Following the company’s Q4 report, the firm’s view is unchanged that Black Hills will meet expectations in FY25 and beyond for a 4%-6% EPS compound annual growth rate. However, this prescribed growth rate is below-average relative to peers, the analyst tells investors.
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Read More on BKH:
- Cautious Outlook on Black Hills Corporation: Regulatory and Financial Challenges Amidst Moderate Growth Prospects
- Black Hills price target lowered to $66 from $67 at Scotiabank
- Black Hills CIO Erik Keller Resigns
- Black Hills Corp. Reports Strong 2024 Financial Results
- Black Hills Corp Earnings Call Highlights Growth and Resilience
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