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Fly News Breaks for April 17, 2018
CHK
Apr 17, 2018 | 06:32 EDT
Citi analyst Robert Morris downgraded Chesapeake Energy to Sell and lowered his price target for the shares to $2 from $5. The analyst made a series of downgrades after lowering his 2018 composite spot natural gas price forecast to $2.75/MMBtu from $3.00/MMBtu, and for 2019 to $2.60/MMBtu from $3.35/MMBtu. He sees higher oil prices adversely impacting the outlook for U.S. natural gas prices.
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