B of A Securities Rates Black Hills (BKH) buy, $78 Price Target

Analyst Ross Fowler raises the rating and price target for Black Hills Corporation, reflecting a positive outlook in the utilities sector, a 5.69% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:14 PM EDT · Updated Jun 16, 2026, 10:02 AM EDT

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B of A Securities rated Black Hills Corporation ($BKH) "buy" with a $78 price target on June 11, 2026.

Since the rating, $BKH is up 1.4% after 1 week, up 5.6% after 1 month and up 7.8% to date (from the $71.10 close on Jun 11, 2026).

BKH Black Hills Corporation

$76.63 +13.21% year to date

Daily close · Oct 16, 2026

Key Points

B of A Securities has upgraded Black Hills Corporation to a Buy rating, with a new price target of $78 as of June 11, 2026.
B of A Securities's $78 price target implies 5.69% upside from Black Hills Corporation's ($BKH) current $73.80 share price.
The stock is currently trading at $73.8, showing solid performance near its 52-week high of $78.69 and above its 50-day moving average.
Wall Street analysts have mixed ratings on Black Hills, with a mean price target of $86.6 based on five opinions.

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B of A Securities Upgrades Rating on Black Hills Corporation

B of A Securities raised its rating on Black Hills Corporation (BKH) to Buy and set a price target of $78. This change took effect on June 11, 2026, with the stock trading at $73.8 at the time. This upgrade shows a shift in perception about the company’s prospects in the utilities sector.

What Changed in B of A’s Position

B of A Securities’ new rating reflects confidence in Black Hills' growth potential. The rating increased from a previous target of $78, which was not available before this change. This positive outlook may influence investor sentiment and help boost the stock price.

Analysts Set New Price Targets

In addition to B of A's recent rating change, other firms have also provided their insights on Black Hills Corporation. Jefferies initiated coverage with a Buy rating and a target of $87 on October 15, 2026. BMO Capital maintains an Outperform rating with a target increase from $83 to $86 as of October 8, 2026. Freedom Broker upgraded their rating to Buy on October 7, 2026, with a target of $78, while maintaining a Hold rating with a lesser target of $69 just a week earlier. Overall, the consensus among five analysts gives a mean price target of $86.6, indicating a generally favorable outlook.

Stock Performance Near 52-Week High

Black Hills Corporation's shares are trading at $73.8, which is close to its 52-week high of $78.69. This positioning suggests a resilient performance in the market, especially as it trades above its 50-day moving average of $73.10. Such metrics can be significant for investors looking to understand potential price movements.

12-month forecast

$BKH price target

Black Hills Corporation daily closes and this analyst's $78 target. Not advice.

Upcoming Earnings

The next earnings report for Black Hills Corporation is set for November 4, 2026. This upcoming release will provide further insights into the company's financial health and operational performance, following the recent analyst upgrades.

What Black Hills Corporation Does

Black Hills Corporation is based in Rapid City, South Dakota, and operates as a utility company, providing electric and natural gas services across multiple states in the U.S. The company has a diversified energy portfolio, including wind, natural gas, and coal-fired power generation, which positions it to respond to market demands and regulatory environments.

What's Ahead for Black Hills Corporation

As Black Hills Corporation prepares for its next earnings report, analysts will likely continue to monitor its performance closely, particularly in light of the recent upgrades from B of A Securities and other firms. The backward-looking 13F filings will also shed light on institutional holdings in the coming weeks.