Black Hills Corp (BKH) PT Raised to $72 at BofA Securities

BofA Securities analyst Julien Dumoulin-Smith raised the price target on Black Hills Corp (NYSE: BKH) to $72.00 (from $70.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating on Black Hills (BKH) as we continue to see improving strategic positioning from the pending NWE-BKH merger, which management believes can support 5-7% EPS CAGR (vs 4-6% CAGR). In Q4’25, we expect updates on capital and financing plans, progress across the large load pipeline (i.e., the Crusoe/Tallgrass site), and timing on the S-4 filing/joint proxy as key investor focus areas."

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