BTIG Boosts Target on Cheniere from $26 to $40, Model Now Accounts for Added Trains at Sabine Pass - Cheniere Energy (NYSE:LNG)

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BTIG's William Frohnhoefer just issued a note raising his price target on Buy-rated Cheniere Energy (NYSE: LNG) from $26 to $40. Frohnhoefer said his model now includes the fifth and sixth trains at Cheniere's Sabine Pass Liquefaction. The analyst believes Cheniere will receive approval from the Department of Energy and FERC for its liquified natural gas exports. Financing with debt for the next phase of trains could help move the split between debt and equity for the Sabine Pass even more onto the side of equity investors.With shares of Cheniere now up 2.1 percent to $26.93 at last check, Frohnhoefer's new price target implies potential upside of about 49 percent.

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