Wells Fargo lowered the firm’s price target on Cheniere Energy to $222 from $230 and keeps an Overweight rating on the shares. The firm cites lower marketing contributions given narrower international spreads in 2024-plus, and higher share-count, given share buybacks to date have been significantly below its forecast.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LNG:
- Cheniere Energy reports Q2 EPS $5.61, consensus $2.74
- Oil Trading Weekly: Oil Tanks as Markets Digest U.S. Debt Downgrade
- Cheniere Energy Inc. (LNG) Q2 Earnings Cheat Sheet
- Oil Trading Weekly: Oil Drifts Lower Ahead of Fed Verdict
- Oil Trading Weekly: Oil Continues Steady Climb; EIA Data Shows Drop in Crude Inventory