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Fly News Breaks for September 26, 2018
LNG
Sep 26, 2018 | 07:32 EDT
As previously reported, Morgan Stanley analyst Fotis Giannakoulis upgraded Cheniere Energy to Overweight from Equal Weight citing the rapid increase in global LNG demand, mainly driven by China. Trade tensions between the U.S. and China may increase the barrier to entry for competitors, benefitting established producers like Cheniere, Giannakoulis added. The analyst, who expects Cheniere will continue to add capacity, raised his price target on the stock to $80 from $63 to now include the addition of train 6 at Sabine Pass.
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