Cheniere Energy price target raised to $193 from $188 at BofA

BofA raised the firm’s price target on Cheniere Energy to $193 from $188 and keeps a Buy rating on the shares following what the firm calls a “strong” Q3 update. Consistent outperformance on project timelines “has become a trademark of Cheniere’s,” says the analyst, who believes the latest update that Corpus Christi Stage 3 is tracking ahead of schedule “further solidifies the company as a top-tier developer and operator” of liquefied natural gas, or LNG, infrastructure.