Deutsche Bank Upgrades Chesapeake Energy to Hold (CHK)
From Benzinga:
In a company update published earlier today, Deutsche Bank AG upgraded the rating for Chesapeake Energy (NYSE: CHK) from Sell to Hold, but did not name a price target.
Deutsche Bank said in its report “Chesapeake Energy closed a $4BN
term loan yesterday, which increased its liquidity to $4.7BN. Our
previous rating was driven by a combination of (i) concerns over
additional debt issuance for liquidity and (ii) fundamental natural gas
risk as CHK is 0% hedged for 2012....MORE