Cheniere Energy Partners initiated with an Underperform at BofA

BofA analyst Jean Ann Salisbury initiated coverage of Cheniere Energy Partners (CQP) with an Underperform rating and $46 price target. Cheniere Energy Partners faces the challenge of being both an LNG developer and a yield vehicle as an MLP, the analyst tells investors. The firm believes sponsor Cheniere Energy (LNG) is a better investment for development, the analyst tells investors.