UPDATE: Credit Suisse Reiterates On Cheniere Energy Partners LP On Model Update

In a report published Monday, Credit Suisse analyst Abhiram Rajendran reiterated an Outperform rating on Cheniere Energy Partners LP CQP, and raised the price target from $37.00 to $38.00. In the report, Credit Suisse noted, “We continue to believe CQP presents a solid opportunity for returns, with a roughly 16% total potential return outlook to our slightly raised TP of $38 (after revising some model assumptions) although this is unlikely to be fully realized over the next 12 months (there could be further upside if the Corpus Christi and SPL expansion projects both goes through and assuming the former is dropped down from LNG—we are currently modeling a 95% probability for Corpus and 90% probability for the SPL expansion in our TP).” Cheniere Energy Partners LP closed on Friday at $34.20.