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Fly News Breaks for October 9, 2017
CHK
Oct 9, 2017 | 17:38 EDT
Jefferies analyst Mark Lear downgraded Chesapeake to Underperform from Hold with a $2 price target, saying that while Chesapeake has made great strides in simplifying its corporate structure and asset base, the company still has a high fixed cost burden and a comparatively weak inventory of high return drilling inventory, and Lear sees "more value in operators with larger, core positions in higher value plays."