UPDATE: Deutsche Bank Upgrades Chesapeake to Buy

According to Deutsche Bank, Chesapeake Midstream CHKM is upgraded to Buy. Deutsche said that CHKM held its annual Analyst Day yesterday and began with an extensive discussion of CHK as its parent and General Partner. “In our view, the summary is that the CHK capital, balance sheet and other issues do not impact CHKM in terms of current operations or value creation.” Chesapeake Midstream closed yesterday at $23.19.