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

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."
Comments (1)
  • Montrose
    , contributor
    Comments (15) | Send Message
     
    Looks like they waited to sell at the bottom to me.
    25 Aug 2012, 01:15 PM Reply Like
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