Cheniere Energy recent selloff an overreaction, says Mizuho

Mizuho analyst Robert Mosca lowered the firm’s price target on Cheniere Energy to $195 from $208 and keeps a Buy rating on the shares. The analyst believes the 16% drop in shares since November 1 has been an overreaction to near-term marketing headwinds. Cheniere’s base contracted business more than supports a premium valuation and the current share price is an attractive entry point as the company’s growth outlook is virtually unchanged, the analyst tells investors in a research note.