Stifel downgraded Cheniere Energy Partners (CQP) to Sell from Hold with a price target of $51, up from $50. The units have rallied since the election as the perception is that it will be easier to expand Sabine Pass, the analyst tells investors in a research note. While Stifel agrees with that, it believes “too much of that is priced is now priced in plus some.” With Sabine Pass Stage 5 reaching financial investment decision in 2026 at the earliest, it won’t turn on until 2030 or later, contends the firm.
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Read More on CQP:
- Cheniere Energy Partners Downgraded to Sell Due to Overvaluation and Earnings Concerns
- Cheniere Energy Partners Reports Mixed 2024 Results
- Cheniere Energy Partners introduces FY25 distribution guidance of $3.25 – $3.35
- Cheniere Energy Partners reports Q4 EPS $1.05, consensus $1.08
- Is CQP a Buy, Before Earnings?
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