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Analysts Are Bullish on These Utilities Stocks: Black Hills (BKH), Entergy (ETR)

Tipranks - Thu Jun 11, 6:36AM CDT

There’s a lot to be optimistic about in the Utilities sector as 3 analysts just weighed in on Black Hills (BKH), Entergy (ETR) and TransAlta (TAC) with bullish sentiments.

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Black Hills (BKH)

Scotiabank analyst Andrew Weisel maintained a Buy rating on Black Hills today and set a price target of $87.00. The company’s shares closed last Tuesday at $67.78.

According to TipRanks.com, Weisel is a 4-star analyst with an average return of 6.7% and a 65.7% success rate. Weisel covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Eversource Energy. ;'>

Black Hills has an analyst consensus of Strong Buy, with a price target consensus of $83.20.

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Entergy (ETR)

BTIG analyst Alex Kania maintained a Buy rating on Entergy today and set a price target of $126.00. The company’s shares closed last Tuesday at $109.66.

According to TipRanks.com, Kania is a 2-star analyst with an average return of 1.4% and a 47.8% success rate. Kania covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Chesapeake Utilities, and WEC Energy Group. ;'>

Entergy has an analyst consensus of Strong Buy, with a price target consensus of $123.53, representing a 13.8% upside. In a report released today, Evercore ISI also upgraded the stock to Buy with a $121.00 price target.

TransAlta (TAC)

In a report released yesterday, Maurice Choy from RBC Capital maintained a Buy rating on TransAlta, with a price target of C$24.00. The company’s shares closed last Tuesday at $12.46.

According to TipRanks.com, Choy is a 5-star analyst with an average return of 18.1% and a 79.9% success rate. Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Fortis, and Emera. ;'>

Currently, the analyst consensus on TransAlta is a Strong Buy with an average price target of $17.26.

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