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Fly News Breaks for February 26, 2015
CHK
Feb 26, 2015 | 08:26 EDT
After Chesapeake fell 10% following its lower than expected Q4 EPS and lower than anticipated 2015 production guidance, Bernstein thinks the sell-ff in the stock was excessive. It believes that the decline was at least partly caused by the company's poor communication of its strategy and a lack of specifics by the company. The firm says the company's balance sheet is the healthiest it has been in years, and it keeps a $27 price target and Outperform rating on the shares.
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