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Fly News Breaks for June 28, 2019
CHK
Jun 28, 2019 | 08:10 EDT
Morgan Stanley analyst Devin McDermott resumed coverage of Chesapeake with an Overweight rating, up from his previous Equal Weight rating, stating that he now see a clearer path toward lower leverage and that his recent time with management pointed toward solid execution on operational improvements. The analyst, who thinks further strategic action could be a catalyst for better investor sentiment, set a $2.75 price target on Chesapeake shares.
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