Credit Suisse Initiates Coverage on Cheniere Energy Partners LP Holdings LLC (CQH)
Credit Suisse started coverage on shares of Cheniere Energy Partners LP Holdings LLC (NYSE:CQH) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $27.00 price target on the stock. Credit Suisse’s target price would suggest a potential upside of 42.48% from the company’s current price.
The analysts wrote, “We think CQH is an attractive way to invest in the CQP story without the complexities tied to the CQP MLP structure—our current TP is $27 but we admit this may not necessarily be realized over the next 12 months so requires some investor patience to pan out, and we also see possible upside of an additional $5 over time. CQH holders can also avoid the developmental risks which are kept at the LNG level, as well as the commodity risks of Cheniere Marketing (also at the LNG level). Follow-on offerings sold by LNG are possible but improve liquidity, further equity issuances at CQH level unlikely in our view.”
Cheniere Energy Partners LP Holdings LLC (NYSE:CQH) traded up 2.49% during mid-day trading on Tuesday, hitting $18.95. 993,209 shares of the company’s stock traded hands. Cheniere Energy Partners LP Holdings LLC has a 1-year low of $18.23 and a 1-year high of $19.45. The stock’s 50-day moving average is $18.94 and its 200-day moving average is $18.94.
Separately, analysts at RBC Capital initiated coverage on shares of Cheniere Energy Partners LP Holdings LLC in a research note to investors on Tuesday. They set an “outperform” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $23.50.
Cheniere Energy Partners LP Holdings, LLC (NYSE:CQH) is a limited liability company.
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