Cheniere Energy started with a Buy at Deutsche Bank

|About: Cheniere Energy, Inc (LNG)|By:, SA News Editor

Deutsche Bank initiates coverage of Cheniere Energy (LNG +0.4%) with a Buy rating and $39 target price and related MLP Cheniere Energy Partners (CQP +0.1%) with a Hold and $30 target.

LNG has earned the status as first mover and bellwether for the industry by achieving approvals and contracts and beginning construction earlier than others, the firm says; long-term contracts underpin the ability to achieve financing, generate cash flows and provide returns to shareholders over time.

DB's macro fundamental analysis of the worldwide liquefied natural gas business in general and the U.S. liquefaction outlook in particular shows numerous favorable trends.