Cheniere Energy price target lowered to $242 from $243 at Scotiabank

Scotiabank lowered the firm’s price target on Cheniere Energy (LNG) to $242 from $243 and keeps an Outperform rating on the shares. The firm is fine tuning its Q1 estimates for U.S. Midstream stocks, the analyst tells investors. Despite the macro backdrop, the firm believes the broader thematic topics remain intact and sees this quarterly print as lower impact to equity prices compared to the outlook for the next 18 months.