Downgrade? Don't be so ignorant! Simply, CKE cannot be donwgraded, because these analysts have NEVER BEFORE give a rating on this NEW Chinook.
I suggest if you have any interest on Chinook shares, do the basic DD on it. The old CKE does not exist, the old CKE shareholders own now shares of two companies.
This is the reason Raymond James Financial set a C$0.50 price target on Chinook Energy lately, WITHOUT saying anything about downgrades, upgrades etc, as usual.