Stock Rating Upgrade
The Value Trend Rating for Black Hills Corp (NYSE: BKH) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Black Hills Corp (NYSE: BKH) stock increased 2.0% on 9/13/24. The shares closed at $60.55. However, trading volume in this advance was below average at 70% of normal. The stock has been strong relative to the market over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BKH is expected to continue to be a Value Builder.
Black Hills has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Black Hills has a neutral Appreciation Score of 58 and a slightly positive Power Rating of 68, resulting in the Positive Value Trend Rating.
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