Chesapeake Utilities: Buy Rating Reaffirmed on Resilient Growth, EPS Outperformance and Unchanged $160 Price Target
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Chesapeake Utilities received a Buy rating from analyst Tate Sullivan of Maxim Group, who maintained a $160 price target. The rating is based on the company's resilient growth and strong earnings performance, with Q1 2026 EPS exceeding estimates. CPK reaffirmed its 2028 EPS guidance, indicating solid growth prospects. Sullivan noted the company's healthy balance sheet and plans for a measured equity raise, alongside a dividend increase. He also sees potential in new LNG infrastructure opportunities in Florida, making the stock attractive at its current valuation.
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