Chesapeake Energy: You Mean There is a Path to Recovery?
October 21, 2016 at 15:54 PM EDT
Chesapeake Energy ( CHK ) held its first analyst day in two years yesterday--and it has many analysts feeling much better about the company than they were just a few days earlier. As we noted this morning , Nomura upgraded Chesapeake to Neutral from Reduce, while BofA Merrill Lynch raised its rating to Neutral from Underperform. But even analysts who left their ratings unchanged had kind words for Chesapeake. Take, for example, Deutsche Bank's Josh Silverstein , who contends that the "path to recovery has improved visibility." He explains:
