Brean Capital Downgrades Chesapeake Utilities (CPK) to Hold on Valuation

July 16, 2013 7:15 AM EDT Send to a Friend
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Price: $46.87 -0.3%

Rating Summary:
    0 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 28 | New: 24
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Brean Capital downgraded Chesapeake Utilities (NYSE: CPK) from Buy to Hold after share reached their $57 price target.

While the firm still sees long-term growth opportunities, at 16x the firm's 2014 EPS forecasts, they believe fair value has been achieved.

For an analyst ratings summary and ratings history on Chesapeake Utilities click here. For more ratings news on Chesapeake Utilities click here.

Shares of Chesapeake Utilities closed at $57.78 yesterday.

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