Evercore ISI analyst Jonathan Chappell initiated Cheniere Energy (LNG) with an Outperform rating and a $90 price target and Cheniere Energy Partners (CQP) with an In Line rating and a $40 price target as part of a broader LNG research note. The analyst cites Cheniere Energy position as a "leading provider of liquefied natural gas to customers globally", stating that his valuation model differentiates the stock as a "cash machine" with a "multiple" set of opportunities to create value. Chappell notes that cash flows of Cheniere Energy are accelerating, forecasting EBITDA growth of 31% this year. The analyst adds that potential outflow opportunity in terms of capital commitments could also create material value for Cheniere Energy shares. On Cheniere Energy Partners, Chappell sees an improving outlook with expected increase of cash distribution to an implied 5.8% this year, but already believes these factors are priced into the units after 22% gains year-to-date.