Cheniere Energy Partners price target raised to $57 from $51 at BofA

BofA analyst Jean Ann Salisbury raised the firm’s price target on Cheniere Energy Partners (CQP) to $57 from $51 and keeps an Underperform rating on the shares. Following Israel’s Wednesday attack on the Iran South Pars gas field, Iran hit two of Qatar’s 14 LNG trains with missiles, which caused European Title Transfer Facility price to rise 15% overnight on the 2026 forward curve, the analyst tells investors. QatarGas said it will take 3-5 years for the repairs and 12.8MTA of capacity will be offline, which “dramatically improves the oversupply picture,” says the analyst, who adds that Venture Global (VG) offers the highest leverage to global gas pricing within the firm’s coverage and is “the best way to gain exposure to rising TTF prices.”