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Chesapeake Energy (CHK) Stock Upgraded at Wunderlich

NEW YORK (TheStreet) -- Chesapeake Energy (CHK) stock rating was increased to "buy" from "hold" on Friday morning at Wunderlich, according to Barron's.

The firm also upped its price target to $10 from $6, noting that the Oklahoma City-based oil and natural gas producer has "improved its financial position in 2016, while maintaining strong operations."

"We believe as the company continues this process, it can exhibit production growth, higher cash flows and multiple expansion," Wunderlich said.

The firm added that several catalysts could drive Chesapeake Energy stock higher, including the new...


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