UPDATE: Brean Murry Carret Downgrades Unitil to Hold
According to Brean Murray Carret, Unitil (NYSE: UTL) is downgraded to Hold.
Brean Murray Carret said that Unitil'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 a YOY basis.
Unitil closed yesterday at $27.63.
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