Cheniere Energy price target raised to $290 from $288 at Scotiabank

Scotiabank raised the firm’s price target on Cheniere Energy (LNG) to $290 from $288 and keeps an Outperform rating on the shares. The liquefied natural gas space is one of if not the most immediately impacted groups within the realm of energy infrastructure, the analyst tells investors in a research note. The firm added, however, that it has a positive take on the space, as conflict in the Middle East and subsequent supply disruption will create net positives for U.S. LNG even after a resolution.