JP Morgan Downgrades Chesapeake Energy to Neutral, Lowers Price Target to $96
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Zach Parham has downgraded Chesapeake Energy (NASDAQ:CHK) from Overweight to Neutral and lowered the price target from $97 to $96.
August 16, 2023 | 9:57 am
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NEGATIVE IMPACT
Chesapeake Energy's rating has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $96.
The downgrade by JP Morgan, a major financial institution, could negatively impact investor sentiment towards Chesapeake Energy. The lowered price target also suggests a potential decrease in the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100