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Cheniere Energy price target lowered to $280 from $284 at Wells Fargo

Wells Fargo lowered the firm’s price target on Cheniere Energy (LNG) to $280 from $284 and keeps an Overweight rating on the shares. The firm cites lower international spreads and an assumed 1-year delay in FID of expansion projects. Notwithstanding, Cheniere is undervalued even if no further expansions reach FID, Wells argues.

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