UPDATE: Credit Suisse Upgrades Cheniere Energy Partners to Outperform on Returns
Credit Suisse raised its rating on Cheniere Energy Partners (NYSE: CQP) from Neutral to Outperform.
Credit Suisse commented, "In our view, CQP investors are getting paid a healthy ~8% to wait for Cheniere to continue to derisk/expand the scope of the liquefaction story. CQP's current yield and existing liquefaction contracts provide a solid base of cash flow to limit further downside risk. Furthermore, 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 (LNG Note). In our eyes, risk/reward is heavily skewed to the upside at these levels."
Cheniere Energy Partners closed at $21.71 on Thursday.
Latest Ratings for CQP
|Sep 2014||US Capital Advisors||Upgrades||Hold||Buy|
|Aug 2014||Howard Weil||Initiates Coverage on||Sector Perform|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.