Brokerage Houses Raise CHK Price Targets

Merrill Lynch raised its rating on the stock from Underperform to Neutral and raised its price target on the stock from $6 to $10.

Barclays analysts saw things differently: “We remain Underweight [on Chesapeake] shares due to high financial leverage and continued negative free cash flow outlook.” Barclays’ price target is $4, with an upside case of $15 per share and a downside case of $1 per share.

Other ratings and price target changes include:

  • Deutsche Bank maintained a Hold rating and raised its price target from $6 to $9.
  • Nomura raised its rating from Reduce to Neutral and its price target from $4 to $7.50.
  • UBS raised its price target from $4.25 to $6, with a Sell rating on the stock.

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