Cheniere Energy Partners price target lowered to $49 from $53 at Stifel

Stifel lowered the firm’s price target on Cheniere Energy Partners to $49 from $53 and keeps a Hold rating on the shares. The company has fallen with the market as a whole, a move that Stifel believes is a response to changes in broader interest rates, the analyst tells investors. Stifel expects distributions to be close to or at the fixed floor in 2024, causing the firm to change its valuation methodology to use EV/EBITDA multiples.