Cheniere Energy Partners upgraded to Buy from Neutral at UBS
The Fly

Cheniere Energy Partners upgraded to Buy from Neutral at UBS

UBS analyst Brian Reynolds upgraded Cheniere Energy Partners to Buy from Neutral with a $57 price target. The firm sees sentiment on Cheniere Energy Partners being at an inflection point, noting that global LNG sentiment is improving and its sees investors beginning to consider and value future growth opportunities at SPL. Future growth at Sabine Pass could imply $16 in upside option value, says the firm, which calls the current valuation “an attractive entry point for a potential valuation re-rate.”

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