Cheniere Energy Partners price target raised to $72 from $55 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Cheniere Energy Partners (CQP) to $72 from $55 and keeps an Equal Weight rating on the shares. Expansion delays at Qater’s Ras Laffan create a large LNG shortfall this year and mitigate oversupply risk in 2027 and 2028, the analyst tells investors in a research note. Morgan Stanley says that even with a near-term resolution to the Middle East conflict, the global gas market will need to contend with refilling inventories amid a large supply loss, creating upside price risks.