Unitrin downgraded to "hold"

11/16/04 - Cochran, Caronia Securities

NEW YORK, November 16 (newratings.com) - Analyst Mark Finkelstein of Cochran Caronia Securities downgrades Unitrin Inc (UTR) from "buy" to "hold."

In a research note published yesterday, the analyst mentions that the downgrade in rating is based on valuation. Unitrin's share price has appreciated 17% since May, the analyst says. Cochran Caronia Securities expects the company to witness healthy earnings growth in the forthcoming quarters.