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Analysts Conflicted on These Materials Names: Cheniere Energy Inc (LNG), Noble Energy (NBL) and Valero Energy Corp (VLO)


Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Cheniere Energy Inc (NYSE:LNG), Noble Energy (NYSE:NBL) and Valero Energy Corp (NYSE:VLO).

Cheniere Energy Inc (LNG)

Barclays analyst Christine Cho maintained a Buy rating on Cheniere Energy Inc today and set a price target of $78. The company’s shares closed yesterday at $63.90.

According to TipRanks.com, Cho is a 2-star analyst with an average return of 0.3% and a 47.2% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and EnLink Midstream Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cheniere Energy Inc with a $78.33 average price target.

See today’s analyst top recommended stocks >>

Noble Energy (NBL)

Morgan Stanley analyst Devin McDermott maintained a Hold rating on Noble Energy today and set a price target of $38. The company’s shares closed yesterday at $30.98.

According to TipRanks.com, McDermott is a 2-star analyst with an average return of 1.7% and a 31.8% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Gulfport Energy Corp, and Occidental Petroleum.

Noble Energy has an analyst consensus of Moderate Buy, with a price target consensus of $41.56, implying a 34.2% upside from current levels. In a report issued on October 2, Oppenheimer also initiated coverage with a Hold rating on the stock.

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Valero Energy Corp (VLO)

In a report released today, Benny Wong from Morgan Stanley maintained a Buy rating on Valero Energy Corp, with a price target of $145. The company’s shares closed yesterday at $106.89.

According to TipRanks.com, Wong is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.1% and a 20.0% success rate. Wong covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Hollyfrontier Corp, and Encana Corp.

Valero Energy Corp has an analyst consensus of Strong Buy, with a price target consensus of $134.

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