Scotiabank Maintains Sector Perform on Chesapeake Energy, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Cameron Bean maintains a Sector Perform rating on Chesapeake Energy (NASDAQ:CHK) but lowers the price target from $110 to $105.
August 20, 2024 | 1:10 pm
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Scotiabank has maintained its Sector Perform rating on Chesapeake Energy but has lowered the price target from $110 to $105, indicating a slightly less optimistic outlook.
The lowering of the price target by Scotiabank suggests a less optimistic view on Chesapeake Energy's short-term performance, which could lead to a negative impact on the stock price. The maintenance of the Sector Perform rating indicates that the stock is expected to perform in line with the sector, but the reduced price target reflects potential challenges or lower expectations.
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