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Fly News Breaks for October 23, 2019
CQP, LNG
Oct 23, 2019 | 08:33 EDT
Raymond James analyst Justin Jenkins upgraded Cheniere Energy (LNG) to Outperform from Market Perform with a $71 price target. In a research note to investors, Jenkins says Cheniere's strong track record of execution has solidified its position as a U.S. LNG market leader. The analyst sees Cheniere Energy as moving closer to "runrate cash flow" and believes upside potential exists given the optionality at Cheniere Energy vs. Cheniere Energy Partners (CQP) and sees the set-up into 2020 as "positive."
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