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Fly News Breaks for October 21, 2016
CHK
Oct 21, 2016 | 06:15 EDT
Nomura analyst Lloyd Byrne upgraded Chesapeake to Neutral and raised its price target to $7.50 from $4.00 following yesterday's analyst day. The analyst still believes Chesapeake will divest 33% of its Haynesville position for approximately $700M and said the company highlighted oil production guidance approximately 4% above 2017 Street expectations.
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