Brean Murray Carret & Co. Assumes Coverage on Unitil Corporation (UTL) at Buy; Expect Above Average Earnings Growth

Brean Murray Carret & Co. assumes coverage on Unitil Corporation (NYSE: UTL) with a Buy. PT $31.00.

Brean analyst says, "We recommend investors take advantage of what we consider to be a favorable valuation relative to forward prospects, including benefits from anticipated gas coversions, recent rate case activity across the electric and gas distribution businesses and targeted investments to grow rate base."

For more ratings news on Unitil Corporation click here and for the rating history of Unitil Corporation click here.

Shares of Unitil Corporation closed at $27.53 yesterday.

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