RBC Points to Lawler's 'Good Rep with the Street,' Says Addition 'Positive' for Chesapeake Management
A number of analysts are responding to news Chesapeake Energy Corporation (NYSE: CHK) named Doug Lawler as its new CEO earlier Monday.
RBC Capital's Scott Hanold noted Lawler's strong performance at Anadarko (NYSE: APC) leading to his “good reputation with the Street.” Hanhold called the addition of Lawler a "positive" for management.
Hanold maintains a Sector Perform rating and $21 price target on shares of Chesapeake.
Lawler is slated to take the CEO position at Chesapeake Energy on June 17th.
Investors in Chesapeake are responding positively to the news; CHK shares last traded at $20.94, up about 3.3 percent from Friday's close.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.