Tuesday, June 12, 2012

Stock Alert -Chesapeake Energy's (CHK -0.5%) target is raised to $28 from $26 at Canaccord - 6/12/12

Chesapeake Energy's (CHK -0.5%) target is raised to $28 from $26 at Canaccord, which says CHK's midstream divestitures put it in a strong position to meet its debt covenants and potentially hit its sales target of $9.5B this year. The firm sees CHK’s net debt slipping to $14.7B from ~$18.5B at the start of the year

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