Credit Suisse Downgrades Chesapeake Energy Corporation, Stock Falls

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Credit Suisse Downgrades Chesapeake Energy Corporation, Stock Falls

Credit Suisse analyst Mark Lear issued a bullish recommendation on the slumping oil & gas exploration and production in a recent note to investors. He also initiated positive coverage on some companies in the industry.

The majority of the investors in the oil& gas exploration and production industry were pleased with Lear’s positive call. However, the shareholders of Chesapeake Energy were not happy with its bearish perception about the company.

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