Cheniere Energy +5.6% as Morgan Stanley, Barclays come out positive

|About: Cheniere Energy, Inc (LNG)|By:, SA News Editor

At least two tier-1 firms are out with positive initiation calls at price target raises on Cheniere Energy (LNG +5.6%): Morgan Stanley starts with an Overweight rating and $60 price target with a $129 bull case, while Barclays lifts its target to $65.

Stanley sees LNG as a pure play exposure to liquefied natural gas infrastructure and development with a first-mover advantage, and Barclays expects various catalysts to drive continued momentum for LNG in 2014.

Credit Suisse is more cautious, initiating shares at Neutral and $48 as it thinks LNG is currently pricing in much of the Cheniere Energy Partners (CQP +4%) story, including strong likelihoods of the SPL expansion and the Corpus Christi project; however, the firm likes CQP's strong long-term return proposition and reinstates coverage at Outperform.