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Fly News Breaks for November 28, 2018
CPK
Nov 28, 2018 | 08:51 EDT
Maxim analyst Tate Sullivan initiated Chesapeake Utilities with a Buy rating and a price target of $100, citing the company's diversified position of distribution of electricity and national gas across multiple states. The analyst also believes that Chesapeake Utilities has the investment track record that will allow it to grow earnings and dividends while funding its current and future energy projects. Sullivan further anticipates a "smooth CEO transition" for the company next year.
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