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Fly News Breaks for February 28, 2020
CHK
Feb 28, 2020 | 08:20 EDT
MKM Partners analyst John Gerdes cut his rating on Chesapeake to Sell and lowered the firm's price target to $0 from $1. The analyst cites the company's higher capital intensity, reduction in oil production composition of its overall output, and the uncertainty regarding the long-term viability of the company's capital structure.
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