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Fly News Breaks for April 2, 2015
CHK
Apr 2, 2015 | 09:08 EDT
BofA/Merrill lowered Underperform rated Chesapeake's price target to $9 from $17 following the updated production outlook. The firm said Chesapeake's lower production profile compounds midstream payment obligations and a potential oil price recovery still leaves valuation elevated.
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