TD Cowen raises Cheniere Energy PT on Corpus Christi LNG expansion

TD Cowen raises price target on U.S. LNG exporter Cheniere Energy LNG.N from $260 to $265

New PT represents a 10.4% upside to stock's last close

Co approves, on Tuesday, the final investment decision for the expansion of the Corpus Christi liquefied natural gas project

Brokerage sees this update as having a minor impact on near term outlook

"The market may be hesitant to price in higher marketing margins given expectations of weaker margin environment later this decade,"- TD Cowen

Brokerage expects LNG to take final investment decision on the Sabine expansion in 2027

21 of 24 brokerages rate the stock "buy" or higher and 3 "hold"; their median PT is $260

As of last close, shares are up 11.67% YTD