Chesapeake Energy Stock (CHK): $90 Price Target From BofA

By Amit Chowdhry ● Jan 14, 2022
  • The shares of Chesapeake Energy (NASDAQ: CHK) have received a price target of $90 from BofA. These are the details.

The shares of Chesapeake Energy (NASDAQ: CHK) have received a price target of $90 from BofA. And BofA analyst Doug Leggate initiated coverage of Chesapeake with a “Buy” rating.

Leggate is expecting 2022 to continue the recovery of the energy sector on multiple levels led by a post-Covid demand recovery and sees the U.S. oils undervalued by about 30%, biased to higher beta names.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.