Brean Murray Carret Assumes Coverage On Chesapeake With Hold Rating

According to Brean Murray Carret, Chesapeake Utilities (NYSE: CPK) coverage is assumed with a Hold rating.

Brean Murray Carret said that it is assuming coverage with a Hold rating due to valuation. “We recommend investors wait to find a more attractive entrance point before adding to / taking new positions in the name.”

Chesapeake Utilities closed yesterday at $40.14.