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Fly News Breaks for July 27, 2015
CHK
Jul 27, 2015 | 07:31 EDT
As noted earlier, SunTrust upgraded Chesapeake to Buy from Neutral. The firm says that the company could sell some non-core assets, potentially generating over $500M and enabling it to increase its production above its guidance. The firm thinks that additional asset sales would lessen its iquidity/leverage issues, causing the share price to rebound. Target to $14 from $15.
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