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Fly News Breaks for November 17, 2015
CHK, SWN
Nov 17, 2015 | 06:16 EDT
Sterne Agee CRT analyst Tim Rezvan downgraded Southwestern Energy (SWN) to Underperform with an $8 price target. Low gas prices are impacting the company's Fayetteville Shale asset while weak spot pricing in Appalachia impacts realizations for Pennsylvania and West Virginia gas production, Rezvan tells investors in a research note. The analyst this morning also downgraded Chesapeake (CHK) to Neutral.
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