Brean Murray Carret & Co. Downgrades Unitil Corporation (UTL) to Hold; Cutting Estimates on Valuation/Forward Valuation

Brean Murray Carret & Co. downgraded Unitil Corporation (NYSE: UTL) to Hold.

Brean analyst says, "UTL's 4Q11 results were negatively impacted by unseasonably warm weather in its service territory, which negatively impacted the financial performance of the gas and electric segments on YOY basis. We've lowered our 2012/13 forecasts to account for the continuing warm weather trends in UTL's service territory, which we believe will generate fewer heating degree days. Our changes are as follows: 2012 falls from $1.54 to $1.21, and 2013 falls from $1.74 to $1.51."

For an analyst ratings summary and ratings history on Unitil Corporation click here. For more ratings news on Unitil Corporation click here.

Shares of Unitil Corporation closed at $27.63 yesterday.

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