Cheniere Energy price target lowered to $247 from $255 at Stifel

Stifel lowered the firm’s price target on Cheniere Energy (LNG) to $247 from $255 and keeps a Buy rating on the shares. While there should be “plenty of new LNG hitting the water in the next two years,” which will likely push LNG prices lower, there has been a torrent of activity with the regulatory window open in the U.S. and the firm would expect several U.S. projects to reach final investment decision in the next 6-12 months, the analyst tells investors in a preview note for the liquefied natural gas group.