Cheniere Energy price target raised to $322 from $296 at BofA

BofA raised the firm’s price target on Cheniere Energy (LNG) to $322 from $296 and keeps a Buy rating on the shares. Following Israel’s Wednesday attack on the Iran South Pars gas field, Iran hit two of Qatar’s 14 LNG trains with missiles, which caused European Title Transfer Facility price to rise 15% overnight on the 2026 forward curve, the analyst tells investors. QatarGas said it will take 3-5 years for the repairs and 12.8MTA of capacity will be offline, which “dramatically improves the oversupply picture,” says the analyst, who adds that Venture Global (VG) offers the highest leverage to global gas pricing within the firm’s coverage and is “the best way to gain exposure to rising TTF prices.”