Brean Murray Carret Adjusts Calgon Carbon's EPS Estimates

According to a research report released earlier today, Brean Murray Carret has lowered its 4Q11 EPS on Calgon Carbon Corp.

from continuing ops estimate from $0.19 to $0.14. In the report, Brean Murray Carret explained, “While we have adjusted our 4Q11 forecast, we are making no adjustments at this time to our 2012 or 2013 estimates. We certainly expect the shares to decline this morning on the headline, but in our view, the underlying fundamentals and earnings power remain unchanged.” Brean Murray Carret maintains its Buy rating and $24 PT on Calgon Carbon, which closed yesterday at $16.37.