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Stock impact report

Is Cheniere Energy Partners (CQP) One of the Best Infrastructure Stocks to Buy Now? [Yahoo! Finance]

Cheniere Energy Partners, LP Common Units (CQP) 
Company Research Source: Yahoo! Finance
Is Cheniere Energy Partners (CQP) One of the Best Infrastructure Stocks to Buy Now? Cheniere Energy Partners, L.P. (NYSE:CQP) provides clean, secure, and affordable LNG to integrated energy companies, utilities, and energy trading companies around the world. On April 2, Citi analyst Spiro Dounis bumped the firm's price target on Cheniere Energy Partners, L.P. (NYSE:CQP) from $49 to $55, but maintained a ‘Sell' rating on the shares. The raised target still indicates a downside of over 11% from the current share price. The analyst firm pointed to the disruptions in the Middle East for the update, which it believes could have a lasting positive impact on the US LNG industry in the long run. The US-Iran war has choked around a fifth of the global LNG supply, forcing customers (especially in the Asian markets) to look for alternatives. As a result, the US LNG shipments to Asia soared to 1.99 million tons in March, more than twice the 970,000 tons shipped in February, according to da Show less Read more
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