Bank of America Downgrades Chesapeake Energy, Valuation Played Out

By: Benzinga
In a report published Tuesday, Bank of America analyst Doug Leggate downgraded Chesapeake Energy (NYSE: CHK ) from BUY to NEUTRAL, lowering their price target from $36 to $31. The report noted, "After keeping our Buy on Chesapeake through the turmoil of the last year, we are lowering our rating
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