Stock Ratings to Watch: Chesapeake Energy, Canadian Natural Resources, Regeneron, Coach
Chesapeake Energy Corporation(NYSE:CHK): Bernstein believes that, under Chesapeake’s 2012 financial plan, the company will take on more leverage to debt while reducing its leverage to oil. The firm maintains an Underperform rating on Chesapeake., as it prefers competitors with more leverage to oil and less leverage to debt.
Canadian Natural Resources Limited(NYSE:CNQ): Canaccord removed Canadian Natural from its Focus List due to Horizon production downtime. Shares remain Buy rated.
Regeneron Pharmaceuticals, Inc.(NASDAQ:REGN): Deutsche Bank raised its price target for Regeneron to reflect increased Eylea sales numbers and reiterates a Buy rating on the stock. The firm now expects peak Eylea worldwide sales of $3.6B in 2023. BofA/Merrill raised Regeneron estimates based on strong Eylea U.S. sales. Shares are Buy rated.
Coach Inc.(NYSE:COH): Jefferies raised its estimates and price target for Coach citing a very positive meeting with management. The firm said it remains a buyer of the stock.
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