TD Cowen raised the firm’s price target on Cheniere Energy (LNG) to $265 from $260 and keeps a Buy rating on the shares. The firm noted the company announced positive CC mid-scale Train 8 & 9 FID, as expected. It increased distributable cash flow, though by a negligible amount, especiall y after backing out a higher marketing assumption.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $271 from $258 at BofA
- Cheniere Energy price target raised to $267 from $253 at Wells Fargo
- Cheniere Energy Expands Corpus Christi Project
- Cheniere announces FID on Christi Midscale Trains 8 & 9, Debottlenecking project
- Cheniere Energy Declares Quarterly Cash Dividend