Wells Fargo Raises NorthWestern Energy Rating, Price Target to $90.
Photo: TokenPost
Wells Fargo raised NorthWestern Energy's rating to Overweight from Equal Weight and its price target to $90 from $70. NorthWestern Energy and Black Hills announced an all-stock, tax-free merger agreement in August 2025. Under the proposal, Black Hills would issue 0.98 shares for each NorthWestern share. The companies valued the combined enterprise at $15.4 billion using their closing share prices on Aug. 18, 2025. The merger was projected to create a utility serving roughly 2.1 million electric and natural gas customers in eight states.
Source: TokenPost
