RBC Capital Upgrades Chesapeake Utilities to Outperform, Raises Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Shelby Tucker has upgraded Chesapeake Utilities (NYSE:CPK) from Sector Perform to Outperform and increased the price target from $111 to $123.
January 10, 2024 | 11:27 am
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Chesapeake Utilities has been upgraded by RBC Capital from Sector Perform to Outperform with a raised price target from $111 to $123.
Upgrades by analysts, especially from neutral to outperform ratings, typically signal a positive outlook on the stock and can lead to increased investor confidence and a potential rise in the stock price in the short term. The raised price target further supports the expectation of stock appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100