Credit Suisse analyst William Janela lowered the firm’s price target on Chesapeake to $130 from $135 after the company announced it will sell its Eagle Ford Brazos Valley assets for $1.425B cash. The analyst keeps an Outperform rating on the shares.
Published first on TheFly
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Read More on CHK:
- CHESAPEAKE ENERGY CORPORATION ANNOUNCES SALE OF INITIAL EAGLE FORD PACKAGE FOR $1.425 BILLION
- Chesapeake completes sale of initial Ford Eagle package or $1.43B
- Chesapeake Energy to sell south Texas operations for $1.4B, Reuters says
- Chesapeake’s (NASDAQ:CHK) Turnaround Wins Wall Street’s “Strong Buy” Rating
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