Citigroup Upgrades Chesapeake Energy to Buy, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Diamond has upgraded Chesapeake Energy (NASDAQ:CHK) from Neutral to Buy and increased the price target from $82 to $95, indicating a positive outlook for the company's stock.
January 12, 2024 | 2:02 pm
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Chesapeake Energy's stock has been upgraded by Citigroup from Neutral to Buy, with a raised price target from $82 to $95, suggesting a bullish view on the stock's future performance.
Upgrades by analysts, especially from neutral to buy ratings, typically suggest that the stock has a favorable outlook and may perform well in the short term. The increase in price target further reinforces this positive sentiment, which can lead to increased investor interest and potentially drive up the stock price.
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