Cheniere Energy initiated with a Buy at Argus

Argus initiated coverage of Cheniere Energy (LNG) with a Buy rating and $255 price target Cheniere is well positioned for earnings growth over the next several year as the first domestic energy company to be approved for LNG exports, and its long-term contracts provide visibility and stability, the analyst tells investors in a research note. The firm feels Cheniere still has room to expand, thus warranting a higher multiple.