Brean Murray Carret Raises Price Target on CH Energy (CHG) Following Q4 Results

February 17, 2012 10:11 AM EST
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Brean Murray Carret & Co. is reiterating its Buy rating on shares of CH Energy (NYSE: CHG) and is lifting its price target from $67 to $69 following the release of its Q4 results.

The company quarterly results show an increase in profit margins, particularly in its Electric segment. The firm is encouraged with these improvement and anticipates the trend will remain well through 2012.

Brean Murray Carret has lifted its FY112 and FY13 EPS estimates from $3.14 and $3.37 to $3.30 and $3.51.

For an analyst ratings summary and ratings history on CH Energy click here. For more ratings news on CH Energy click here.

Shares of CH Energy closed at $58.81 yesterday.


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