UBS raised the firm’s price target on Chesapeake (CHK) to $94 from $92 and keeps a Neutral rating on the shares. The second request delays the Southwestern Energy (SWN) acquisition to the second half of the year but it remains a positive step for the company, the analyst tells investors in a research note. Chesapeake also looks well-positioned for improving 2025 natural gas prices, UBS added.
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Read More on SWN:
- Southwestern Energy price target raised to $7 from $6.50 at Susquehanna
- Southwestern Energy upgraded to Neutral from Underperform at Mizuho
- Chesapeake, Cheniere should benefit from tightened supply, Barron’s says
- Southwestern Energy reports Q4 adjusted EPS 17c, consensus 13c
- Is SWN a Buy, Before Earnings?
