Cheniere Energy +5.6% as Morgan Stanley, Barclays
Post# of 77
Posted On: 01/08/2014 7:59:21 PM
Cheniere Energy +5.6% as Morgan Stanley, Barclays come out positive
Jan 7 2014, 09:49
http://seekingalpha.com/news/1495221-cheniere...t-positive
Jan 7 2014, 09:49
- At least two tier-1 firms are out with positive initiation calls at price target raises on Cheniere Energy ( LNG +5.6% ): Morgan Stanley starts with an Overweight rating and $60 price target with a $129 bull case , while Barclays lifts its target to $65 .
- Stanley sees LNG as a pure play exposure to liquefied natural gas infrastructure and development with a first-mover advantage, and Barclays expects various catalysts to drive continued momentum for LNG in 2014.
- Credit Suisse is more cautious , initiating shares at Neutral and $48 as it thinks LNG is currently pricing in much of the Cheniere Energy Partners ( CQP +4% ) story, including strong likelihoods of the SPL expansion and the Corpus Christi project; however, the firm likes CQP's strong long-term return proposition and reinstates coverage at Outperform.
http://seekingalpha.com/news/1495221-cheniere...t-positive
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