Scotiabank Upgrades Cheniere Energy (LNG) to Outperform, Wolfe Research Raises PT

Core Viewpoint - Cheniere Energy, Inc. (NYSE:LNG) is recognized as one of the top American energy stocks to invest in, with recent upgrades in price targets and ratings from major research firms, indicating strong demand for LNG and positive market conditions [1][2][3]. Group 1: Price Target Upgrades - Scotiabank raised its price target for Cheniere Energy from $257 to $266 while maintaining an Outperform rating, citing strong power demand and LNG exports as supportive factors [1]. - Wolfe Research upgraded its rating from Peer Perform to Outperform with a price target of $220, reversing a previous downgrade following Woodside's investment decision on its LNG project [2]. Group 2: Market Conditions and Future Outlook - Wolfe Research highlighted that approximately 70 million tonnes per annum (mtpa), equivalent to about 10 billion cubic feet per day, of export projects are expected to reach final investment decisions by 2025, which may lead to market oversupply later in the decade [3]. - Despite potential oversupply, Wolfe Research believes that the negative news cycle surrounding the LNG market is easing, and that global gas demand could increase as prices decline [4].