Chesapeake Energy (CHK -2.6%) is downgraded to Neutral from Overweight at J.P. Morgan, which...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake Energy (CHK -2.6%) is downgraded to Neutral from Overweight at J.P. Morgan, which cites valuation, a lack of visible catalysts and a "perpetual funding gap" that could total $9.3B by 2015. The firm believes planned asset sales will help CHK fund its cash outspend in 2013 but will need to take on debt in 2014-15.