Citigroup raises PT on Cheniere Energy

** Citigroup raises price target of LNG exporter Cheniere Energy LNG.N to $283 from $275

** The new price target represents an upside of 17.1% to the stock's last close

** Brokerage raises PT to reflect lower cash tax assumptions that are boosting cash flows estimates

** Beyond 2025, Cheniere expects the cash tax rate to remain under 10% through the end of the decade vs Citi's prior estimates of ~17%

** Brokerage expects this adjusted tax outlook to "represent a >$1.5bln" cash tailwind

** 21 of 24 brokerages rate the stock "buy" or higher, 3 rate it "hold"; their median PT is $267 - data compiled by LSEG

** As of last close, stock is up 12.4% YTD