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CME

CME Group

$163.55

3.15 (1.96%)

, LNG

Cheniere Energy

$65.03

-1.1 (-1.66%)

09:08
07/10/18
07/10
09:08
07/10/18
09:08

CME Group, Cheniere Energy partner to develop LNG futures contract

CME Group (CME) and Cheniere Energy (LNG) reached an agreement through which CME Group will develop an LNG futures contract with physical delivery to Cheniere's Sabine Pass terminal on the U.S. Gulf Coast. Cheniere's Sabine Pass LNG terminal first started exports in February 2016, and currently operates four trains capable of producing 18M metric tons of LNG per year. A fifth train is under construction and a sixth is fully permitted and shovel-ready, representing up to 27M metric tons per year of LNG capacity at the site. Cheniere is also constructing a separate LNG export facility outside of Corpus Christi, Texas.

CME

CME Group

$163.55

3.15 (1.96%)

LNG

Cheniere Energy

$65.03

-1.1 (-1.66%)

  • 26

    Jul

  • 01

    Oct

CME CME Group
$163.55

3.15 (1.96%)

04/09/18
BERN
04/09/18
INITIATION
BERN
Outperform
CME Group initiated with an Outperform at Bernstein
04/10/18
BERN
04/10/18
INITIATION
Target $190
BERN
Outperform
CME Group initiated with an Outperform at Bernstein
As previously reported, Bernstein analyst Christian Bolu started CME Group with Outperform rating and $190 price target as he likes the counter cyclical growth qualities of its dominant and diverse futures franchise.
07/09/18
WELS
07/09/18
NO CHANGE
Target $175
WELS
Market Perform
CME Group price target raised to $175 from $170 at Wells Fargo
Wells Fargo analyst Christopher Harris raised his price target for CME Group to $175 from $170 to account mainly for stronger than forecasted volumes. The analyst reiterates a Market Perform rating on the shares.
07/09/18
COMP
07/09/18
INITIATION
Target $170
COMP
Neutral
CME Group initiated with a Neutral at Compass Point
Compass Point initiated CME Group with a Neutral and $170 price target.
LNG Cheniere Energy
$65.03

-1.1 (-1.66%)

03/15/18
03/15/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Radian Group (RDN) initiated with a Neutral at Macquarie. 2. Cheniere Energy (LNG) initiated with a Buy at BofA/Merrill. 3. Avid Bioservices (CDMO) initiated with an Outperform at Wells Fargo. 4. Quintana Energy Services (QES) initiated with an Overweight at Capital One. 5. II-VI (IIVI) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/26/18
BERN
03/26/18
UPGRADE
BERN
Outperform
Cheniere Energy upgraded to Outperform from Market Perform at Bernstein
03/27/18
03/27/18
UPGRADE
Target $63

Outperform
Cheniere Energy upgraded to Outperform at Bernstein
As previously reported, Bernstein analyst Jean Ann Salisbury upgraded Cheniere Energy to Outperform from Market Perform as lower gas price drives better margins on marketing, and an improved discount rate as US LNG should be the lowest cost supply and thus unlikely to be reneged on. The analyst also raised her price target on the shares to $63 from $55.
07/05/18
LEHM
07/05/18
NO CHANGE
Target $77
LEHM
Overweight
Cheniere Energy price target raised to $77 from $65 at Barclays
Barclays analyst Christine Cho raised her price target for Cheniere Energy (LNG) to $77 and keeps an Overweight rating on the shares. She also raised her price target for Equal Weight-rated Cheniere Energy Partners (CQP) to $38 from $35 and Equal Weight-rated Cheniere Energy Partners LP (CQH) to $37 from $32. Cho estimates the combination of Train 6 and Cheniere Energy Partners' buy-in will add $440 in discounted cash flow to Cheniere Energy on a pre-tax basis. At a 7.5% discounted cash flow yield, the analyst estimates this equates to about $20 per Cheniere Energy share on an undiscounted basis. She thinks the stock could trade to $100 as 2024 approaches, all else being equal.

TODAY'S FREE FLY STORIES

HMC

Honda

$29.29

-0.01 (-0.03%)

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VFC

VF Corp.

$87.06

2.22 (2.62%)

, PNC

PNC Financial

$139.80

2.46 (1.79%)

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IIIV

i3 Verticals

$16.73

(0.00%)

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BA

Boeing

$353.66

2.85 (0.81%)

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ASML

ASML

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0.32 (0.16%)

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  • 18

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HFC

HollyFrontier

$68.71

0.05 (0.07%)

09:50
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  • 02

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VUZI

Vuzix

$7.60

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XON

Intrexon

$14.43

-0.95 (-6.18%)

09:47
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RDY

Dr. Reddy's

$30.37

-2.89 (-8.69%)

09:47
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AOI

Alliance One

$16.40

(0.00%)

09:47
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  • 12

    Sep

OFG

OFG Bancorp

$14.55

(0.00%)

09:47
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  • 20

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DB

Deutsche Bank

$11.96

0.72 (6.41%)

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ARNC

Arconic

$19.70

2.31 (13.28%)

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09:45
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General news
Business Inventories to be reported at 10:00 »

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TGI

Triumph Group

$20.10

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FCEL

FuelCell

$1.33

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Conference/Events
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  • 17

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PAAS

Pan American Silver

$16.89

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09:40
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JEF

Jefferies Financial Group

$22.59

(0.00%)

, QEP

QEP Resources

$12.76

(0.00%)

09:40
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Options
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Jefferies Financial Group

$22.59

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QEP

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$17.39

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$11.24

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BP

BP

$45.37

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COP

ConocoPhillips

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LVS

Las Vegas Sands

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SLB

Schlumberger

$68.08

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Broadcom

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  • 20

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DIS

Disney

$109.98

1.72 (1.59%)

, FOXA

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$47.55

0.17 (0.36%)

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DIS

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1.72 (1.59%)

FOXA

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$47.55

0.17 (0.36%)

SKYAY

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FOX

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$47.19

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CMCSA

Comcast

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$0.00

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  • 27

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  • 07

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CMCSA

Comcast

$34.70

0.15 (0.43%)

, FOXA

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$47.55

0.17 (0.36%)

09:38
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$34.70

0.15 (0.43%)

FOXA

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$47.55

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SKYAY

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DIS

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$109.98

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  • 27

    Jul

  • 07

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EBAY

eBay

$37.62

0.07 (0.19%)

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  • 18

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BJ

BJ's Wholesale

$27.09

2.09 (8.36%)

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CMCSA

Comcast

$34.70

0.15 (0.43%)

, SKYAY

Sky

$0.00

(0.00%)

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Comcast

$34.70

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