Chesapeake Energy (CHK -6.6%) is lowered to Underweight from Neutral at J.P. Morgan amid...

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

Chesapeake Energy (CHK -6.6%) is lowered to Underweight from Neutral at J.P. Morgan amid continued concerns about its 2012 funding gap. "We now think there are few 2012 catalysts to help the stock outperform," the firm says as CHK shares slide after a four-session, 13% jump after news of the natural gas producer's planned retrenchment.