BofA reinstated coverage of Cheniere Energy with a Buy rating and $215 price target The firm sees Cheniere as attractive with 90% contracted cash flows, near-term marketing upside, and free cash flow growth through low cost expansions at its Sabine Pass and Corpus Christi facilities, the analyst tells investors in a research note. Cheniere is the firm’s top energy pick, and BofA says its expansion at Sabine Pass, which is not included in its valuation, could offer potential upside of $15/share.
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