Cheniere Energy price target lowered to $251 from $290 at Jefferies

Jefferies lowered the firm’s price target on Cheniere Energy (LNG) to $251 from $290 and keeps a Buy rating on the shares ahead of the Q4 report. The firm says that while investors are “universally bearish” on the company’s outlook, its remains “constructive” on Cheniere despite the potential for volatility ahead. Jefferies cut the price target citing lower long-term capacity and weaker marketing margins. It believes Cheniere is well positioned with low leverage and high contracting.