Brean Murray Carret & Co. Assumes Coverage on Northeast Utilities (NU) at Buy; Favorable Trends & Merger

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February 27, 2012 7:43 AM EST
Get Alerts NU Hot Sheet
Price: $15.23 +9.33%

Rating Summary:
    21 Buy, 7 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Brean Murray Carret & Co. assumes coverage on Northeast Utilities (NYSE: NU) with a Buy. PT $45.00.

Brean analyst says, "Our favorable investment thesis is driven by the company's future earnings outlook, which includes transmission investment opportunities, our expectation of expanding margins and favorable expense trends, and the NSTAR (NYSE: NST) merger."

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

Shares of Northeast Utilities closed at $35.86 yesterday.

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Brean Murray Carret & Co., Earnings, Northeast Utilities/NSTAR