Black Hills price target lowered to $56 from $60 at Mizuho

Mizuho analyst Anthony Crowdell lowered the firm’s price target on Black Hills to $56 from $60 and keeps an Underperform rating on the shares. The lack of scale and jurisdictional diversity leaves the company more exposed to macroeconomic and regulatory headwinds than its larger peers, the analyst tells investors in a research note. The firm anticipates the stocks will continue to struggle in the second half of the year.