Wells Fargo Maintains Equal-Weight on Chesapeake Energy, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Chesapeake Energy (NASDAQ:CHK) and raised the price target from $83 to $85.
July 13, 2023 | 2:10 pm
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Chesapeake Energy's price target has been raised from $83 to $85 by Wells Fargo, maintaining an Equal-Weight rating.
The increase in price target by Wells Fargo indicates a positive outlook for Chesapeake Energy. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100