TD Cowen raised the firm’s price target on Cheniere Energy (LNG) to $202 from $192 and keeps a Buy rating on the shares. The firm noted the company reaffirmed Stage 3 startup with higher FY25 spot capacity than had been forecast which is a positive into a strengthening 2025 global gas market.
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Read More on LNG:
- Cheniere Energy Raises 2024 Financial Guidance Amid Strong Q3
- Cheniere Energy reports Q3 revenue $3.76B, consensus $3.73B
- Cheniere Energy raises FY24 adjusted EBITDA view to $6B-$6.3B from $5.7B-$6.1B
- Cheniere Energy Increases Dividend Amid Strong Performance
- LNG Earnings this Week: How Will it Perform?