Wunderlich Securities Comments on Chesapeake Midstream
Wunderlich Securities provided color on Chesapeake Midstream (NYSE: CHKM) in a research report published today. Wunderlich Securities has a Buy rating and $32.50 price target on the company.
In the report, Wunderlich Securities stated, "We believe this is a positive step for CHKM. The dropdown story remains in tact through GIP's ownership of CMD and CHKM is separated from CHK's headline risk. The management team will also remain with CHKM, which is important. Another positive step would be adding third party volumes to further diversify CHK's share of CHKM's revenue."
Shares of Chesapeake Midstream were trading at $25.92 at the time of posting, up 3.39% from Thursday's market close.
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