Cheniere Energy price target raised to $267 from $253 at Wells Fargo

Wells Fargo analyst Michael Blum raised the firm’s price target on Cheniere Energy (LNG) to $267 from $253 and keeps an Overweight rating on the shares. The price target increase reflects a higher EBITDA forecast driven by higher production capacity and higher assumed long-term marketing margins, the analyst tells investors in a research note.