BofA analyst Ross Fowler moved NorthWestern Energy (NWE) to No Rating from Buy after NorthWestern and Black Hills Corp. (BKH) announced an all-stock merger of equals. The transaction “screens as largely positive and accretive” for NorthWestern, but shares will now trade away from fundamentals and off the Black Hills valuation, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NWE: