Barclays analyst Theresa Chen raised the firm’s price target on Cheniere Energy (LNG) to $253 from $202 and keeps an Overweight rating on the shares. The firm says “persistent” growth in energy infrastructure demand will drive midstream sector performance. Following a series of recent well-received project announcements to support visible supply and demand growth, driven in part by rising power gen needs, the group’s current momentum will persist into Q4 earnings and into 2025, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LNG:
- Cheniere Energy price target raised to $254 from $220 at BofA
- Cheniere Energy resumed with an Outperform at Scotiabank
- Natural Gas Stocks Such as Devon Energy (DVN) Jump as Winter Grips Europe
- Cheniere Energy achieves first LNG at Corpus Christi Stage 3 Project
- Cheniere Energy achieves first LNG at Corpus Christi Liquefaction Project