Cheniere Energy Partners price target lowered to $48 from $56 at RBC Capital

RBC Capital analyst Elvira Scotto lowered the firm’s price target on Cheniere Energy Partners to $48 from $56 and keeps a Sector Perform rating on the shares. Market trends point to continued long-term growth in global LNG demand, and these trends bode well for US LNG exports and for additional growth at Cheniere, the analyst tells investors in a research note. RBC adds however that its price target cut reflects lower marketing volumes and updated commodity prices.