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Cheniere Energy upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research upgraded Cheniere Energy (LNG) to Outperform from Peer Perform with a $220 price target The firm says the stock’s valuation is “too compelling even with overbuild headwinds.” Cheniere shares offer a 15% free cash flow yield in 2028 and 2029 from a business that is 90% contracted for 16 years with “A- credit” customers, the analyst tells investors in a research note. Wolfe believes Cheniere is at “floor value.”

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