Cheniere Energy's Debt Maturity Deliberations: Analyst Predicts Possible Approaches Amid Interest Rate Hikes
Portfolio Pulse from Nabaparna Bhattacharya
Mizuho analyst Robert Mosca has reiterated a Buy rating on Cheniere Energy (AMEX:LNG) but lowered the price target to $187 from $200. The company has $5.5 billion of debt maturing in 2024/2025, and there will be deliberation on debt paydown versus refinancing in a higher interest rate environment. The analyst lowered FY24 and FY25 adj EBITDA estimates and forecasts additional gross debt paydown.
June 22, 2023 | 5:46 pm
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Mizuho analyst lowers price target for Cheniere Energy (AMEX:LNG) to $187 from $200, citing debt maturity deliberations amid interest rate hikes. The company has underperformed over the past three months.
The lowered price target is due to the company's debt maturity deliberations amid interest rate hikes. The company has underperformed over the past three months, which may have a neutral impact on the stock price in the short term. However, the analyst still maintains a Buy rating, indicating a positive outlook for the company.
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