Cheniere Energy Partners price target raised to $53 from $50 at BofA

BofA analyst Jean Ann Salisbury raised the firm’s price target on Cheniere Energy Partners (CQP) to $53 from $50 and keeps an Underperform rating on the shares. Before the recent escalation between Israel and Iran, the outlook for LNG in the second half was already improving and the Middle East conflict “adds a layer of risk premium,” the analyst tells investors while raising price targets for the firm’s LNG coverage.