JPMorgan Was Cautious on These Upstream Stocks Last Week
On December 7, JPMorgan Chase (JPM) cut Chesapeake Energy (CHK) from a “neutral” to an “underweight” rating. On the same day, JPM reduced its price target on Gulfport Energy (GPOR) to $8 from $11. JPM also reduced its price target on EQT Corporation to $24 from $50.