Black Hills price target raised to $59 from $55 at BofA

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.