Goldman Sachs Downgrades Chesapeake Energy (CHK) to Sell
- Wall Street closes rollercoaster week sharply lower
- Invesco (IVZ) Reportedly in Talks to Merge With State Street's (STT) Asset Management Business, Citi Sees More Cons than Pros
- FDA Votes "No" on Pfizer (PFE) Booster for 16+ Age Group, 2 Yes 16 No
- Jefferies Raises Price Targets on Alphabet (GOOGL) and Facebook (FB) as They Are Still Inexpensive Relative to Growth, Reiterates Snap (SNAP) as a Best Growth Idea
- Tesla (TSLA) Could Deliver 900K EV Units This Year and 1.3M in 2022 - Wedbush
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
Goldman Sachs analyst Brian Singer downgraded Chesapeake Energy (NYSE: CHK) from Neutral to Sell with a price target of $2.50 (from $2.75).
- Cites less favorable competitive positioning and a weak balance sheet for the downgrade.
- Believes there will be no inflection in 2019 regarding of line of sight to sustained FCF enough to reduce LT debt.
- Believes valuation is ahead of itself.
Shares of Chesapeake Energy closed at $3.33 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Las Vegas Sands (LVS) Downgraded to Hold at Jefferies on Limited Upside Potential
- After a Series of Video Game Release Delays, BMO Downgrades Take-Two (TTWO) to Market Perform
- B&M European Value Retail SA (BME:LN) (BMRRY) PT Raised to GBP6.50 at Berenberg
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Downgrades, Hot Comments, Hot Downgrades
Related EntitiesGoldman Sachs
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!