Referenced Stocks

Analyst Actions: Cheniere Energy Partners Upgraded at Credit Suisse, PT $25, Shares Up 1%

By Midnight Trader,  October 19, 2012, 01:29:13 PM EDT

Shares of Cheniere Energy Partners ( CQP ) are up 1.39% to $22.01 after it was upgraded by Credit Suisse to an outperform rating from a neutral rating. It has a price target of $25.

"We believe CQP retains a high degree of optionality primarily tied a potential expansion of Sabine Pass and/or success developing the Corpus Christi project," said Credit Suisse in its report. "In our eyes, risk/reward is heavily skewed to the upside at these levels."

The analysts also said that "we continue to expect Cheniere to secure its EPC contract from Bechtel in 4Q and would not be surprise to see another milestone achieved before year-end."

Shares of CQP are moving in a 52-week range of $14.08 - $27.47.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CQP



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