Black Hills (BKH +1.6%) is initiated by RBC Capital at Outperform with a $39 price target, as...


Black Hills (BKH +1.6%) is initiated by RBC Capital at Outperform with a $39 price target, as the firm expects 8.7% three-year compounded annual EPS growth forecast from 2011-14 driven by consistent rate base growth at the electric and utilities segments, and moderate production and sales growth at the oil and gas E&P segment.

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