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Cheniere Energy Reached a 52-Week High

Vincent Kruger
Updated
Cheniere Energy Reached a 52-Week High

Cheniere Energy (LNG), a leading liquified natural gas exporter, stock hit a new 52-week high of $70.21 after Morgan Stanley upgraded it from “equal-weight” to “overweight” on September 26. Morgan Stanley analyst Fotis Giannakoulis thinks that rising global demand for liquefied natural gas and lower natural gas prices due to structural oversupply could improve Cheniere Energy’s export economics. Morgan Stanley also raised Cheniere Energy’s target price from $63.0 to $80.0.

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