Black Hills (BKH +7.2%) is upgraded to Buy from Hold with a $46 price target by Gabelli after...

|About: Black Hills Corporation (BKH)|By:, SA News Editor

Black Hills (BKH +7.2%) is upgraded to Buy from Hold with a $46 price target by Gabelli after agreeing to sell its 85% interest in Bakken and Three Forks shale assets (I, II). The firm considers the deal "a significant positive given expected $0.10-$0.15 EPS accretion, improved balance sheet, reduced equity needs and the realization of significant unrecognized value."