Chesapeake Energy (CHK -0.9%) is downgraded to Hold at Stifel Nicolaus on valuation, a view that...

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

Chesapeake Energy (CHK -0.9%) is downgraded to Hold at Stifel Nicolaus on valuation, a view that remaining asset sales will have less of a positive impact on shares, and that the focus will switch from distressed valuations back to going concern valuations which will make it difficult for CHK to move much higher absent a meaningful gas recovery.