Cheniere Energy price target raised to $178 from $85 at TD Cowen

TD Cowen raised the firm’s price target on Cheniere Energy to $178 from $85 and keeps an Outperform rating on the shares. The firm said its outlook for the stock comes with more uncertainty than recent past. If gas prices continue to fall, there could be two impacts: 1) negative revisions to 2025 as LNG will have higher spot exposure with Stage 3 starting up early; and, 2) negative assumptions to re-contracting rates and spot utilization in terminal valuation.