UTL - BofA downgrades Unitil to underperform at BofA

• BofA analyst Julien Dumoulin-Smith downgraded Unitil ( UTL ) to Underperform from Neutral, ahead of the company's Q2 earnings calls.
• Positive data points around the New Hampshire rate case has driven the shares to outperform "meaningfully" in recent weeks, but the current premium to peers causes him to take a step back.
• The analyst downgrade the shares to reflect the fundamentals of the business given EPS growth the he does not see screening as "top-tier" as the multiple might suggest.
• Unitil's SA Quant Rating says Hold whereas, Wall St. Analysts Rating stands with Buy (1 Very Bullish).
• Since the start of 2022, Unitil's shares were up around 16% , and over a period of one year, shares were up around 3% .
• Shares are currently -5.48% to $53.13 today.

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