Chesapeake (CHK) To Hit $26?

A report from Jeffries today has set a price target of $26 for Chesapeake Energy Corporation (NYSE:CHK) and offers reasons as to why the firm looks like it will perform well in the coming months. The report concentrates on the reinvention currently underway at the energy company. A buy rating is on the cards for the stock according to this report.

The analysts, Biju Z. Perchincherll and Yiktat Fung, take as a positive the reorganization of the firm at the top by the two largest shareholders, Carl Icahn and Mason Hawkins of Southeastern Asset Management. The moves at the top will replace 5 of the...