Citigroup raises PT on Cheniere Energy
Citigroup raises price target on U.S. LNG exporter Cheniere Energy LNG.N to $275 from $252
New price target represents a 17.4% upside to the stock's last close
Brokerage increases PT driven by increased near-term cash flow estimates and reduced debt funding requirements
Adds that it expects Q2 to be the 2025 trough, driven by two factors; seasonal maintenance to have an outsized impact, particularly at Sabine Pass and commodity prices
Sees LNG to continue executing on the buyback program, with previous disclosures indicating 1 million shares repurchased in Q2
"We also expect some commentary around the recent CCL Midscale FID and updated capital allocation outlook,"
21 of 24 brokerages rate the stock "buy" or higher, 3 "hold"; median PT is $265 - data compiled by LSEG
Including sessions moves, stock up 9.6% YTD
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