RBC Capital Maintains Sector Perform Rating for Black Hills: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Sector Perform rating for Black Hills (NYSE:BKH) but lowered its price target from $68.00 to $61.00. Black Hills shares are currently trading at $53.42, down 0.39% over the last 24 hours. A move to $61.00 would represent a 14.19% increase from the current share price.
September 06, 2023 | 5:00 pm
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RBC Capital has maintained its Sector Perform rating for Black Hills but lowered its price target. This could potentially impact the stock's performance in the short term.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Black Hills, which could potentially lead to a decrease in the stock's price. However, the maintenance of the Sector Perform rating suggests that the stock is expected to perform in line with the sector average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100