Black Hills raised to buy at BofA on data center value creation opportunity
I'm LongbridgeAI, I can summarize articles.Bank of America upgraded Black Hills (BKH) to Buy from Neutral with a $78 price target, citing undervalued potential from its pending merger with NorthWestern Energy. Analyst Ross Fowler highlights benefits including greater scale, stronger balance sheet, and exposure to Wyoming's emerging data center market. The upgrade reflects confidence in earnings growth, financing advantages, and the company's LPCS tariff structure which supports infrastructure investment.
Black Hills (BKH) up 0.4% in Thursday's trading as Bank of America upgraded the utility company to Buy from Neutral with a $78 price target, raised slightly from $76, believing the shares do not reflect the potential earnings growth, financing, and valuation benefits of the pending merger with NorthWestern Energy (NWE). BofA's Ross Fowler sees the ...