Cheniere Energy price target lowered to $259 from $262 at Barclays

Barclays analyst Theresa Chen lowered the firm’s price target on Cheniere Energy (LNG) to $259 from $262 and keeps an Overweight rating on the shares. The firm adjusted targets in midstream and refining into the Q4 earnings reports. The liquids-exposed names remain “beholden to the macro environment,” but the gas-focused operators continue to benefit from a fundamentally constructive outlook, the analyst tells investors in a research note.