Scotiabank analyst Brandon Bingham raised the firm’s price target on Cheniere Energy (LNG) to $261 from $250 and keeps an Outperform rating on the shares. While Q2 was challenging, companies in the U.S. Midstream sector largely maintained their FY outlooks, the analyst tells investors. Scotiabank continues to favor Permian-levered names with a preference for gas given the basin’s highest relative resiliency in a lower commodity price tape.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LNG:
- Cheniere Energy price target raised to $262 from $253 at Barclays
- Cheniere Energy Completes $1 Billion Senior Notes Sale
- Cheniere Energy Issues $1 Billion in Senior Notes
- Cheniere Energy price target raised to $288 from $282 at Jefferies
- Cheniere Energy price target raised to $265 from $260 at TD Cowen