Goldman Sachs Removes Chesapeake Midstream Partners (CHKM) from Conviction Buy List

Goldman Sachs removed Chesapeake Midstream Partners (NYSE: CHKM) from its Conviction Buy List but retain its Buy rating. The firm cut their price target from $36 to $30.

The firm said, "We have a favorable fundamental view of CHKM's sector leading
distribution growth, safe contracts, and solid balance sheet." However, overhangs like lower drilling activity in two key focus areas and headline risk surrounding sponsor Chesapeake Energy (NYSE: CHK) could persist.

For an analyst ratings summary and ratings history on Chesapeake Midstream Partners click here. For more ratings news on Chesapeake Midstream Partners click here.

Shares of Chesapeake Midstream Partners closed at $25.51 yesterday.

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