UPDATE: Brean Murray Carret Raises Tri-Tech Holding's PT

According to a research report published earlier today, Brean Murray Carret has increased Tri-Tech Holding's TRIT PT from $9 to $10. In the report, Brean Murray Carret commented, “Tri-Tech reported 4Q11 results that came in above our expectations. Revenue in the quarter of $24.1 million (a 68.4% YoY increase) was slightly higher than our $24 million estimate, while EPS in the quarter of $0.33 nicely exceeded our $0.26 estimate.” Brean Murray Carret maintains its Buy rating on Tri-Tech Holding, which closed yesterday at $7.07.