Replies to post #4707 on Chesapeake Energy Corp (CHK)

[researcher59]

Thanks for the link -

Nomura and BofA-Merrill Lynch boosted their opinions on CHK to "neutral," and lifted their respective price targets to $7.50 and $10 -- the latter in annual-high territory -- a day after the company found a huge oil field near the West Virginia-Kentucky border. Additional price-target hikes came courtesy of Jefferies and UBS, as well as Deutsche Bank, which said, "The asset base has significantly improved its capital efficiency and productivity ... that should provide improved visibility in achieving the multi-year targets." Out of the gate, Chesapeake Energy Corporation is up 1.3% at $7.00, and has tacked on 55.6% year-to-date, assisted by a key moving average. Further upgrades could be ahead, too, adding to the stock's bullish prospects. After all, 80% of covering analysts still consider CHK a "hold" or worse.