B of A Securities Maintains Underperform on Black Hills, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith has maintained an Underperform rating on Black Hills (NYSE:BKH) and reduced the price target from $60 to $49.
November 20, 2023 | 5:42 pm
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NEGATIVE IMPACT
B of A Securities has maintained an Underperform rating on Black Hills and lowered the price target from $60 to $49, indicating a bearish outlook on the stock.
The reduction in price target by a significant amount from $60 to $49 by a major analyst firm suggests a negative perception of Black Hills' future stock performance. This could lead to bearish sentiment among investors and potentially result in a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100