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Fly News Breaks for October 4, 2018
CHK
Oct 4, 2018 | 07:40 EDT
Morgan Stanley analyst Devin McDermott initiated Chesapeake Energy with an Equal Weight rating and $5 price target, stating that while the company has come a long way streamlining its asset base and deleveraging, the stock's upside now hinges on execution in the Powder River Basin. He sees a valuation range of $4-$10 depending on its level of success in that execution, McDermott tells investors.
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