Cheniere Energy price target raised to $261 from $250 at Scotiabank

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.