** RBC and J.P.Morgan start coverage on U.S. liquefied natural gas $(LNG)$ company Venture Global VG.N with a bullish rating
** JPM starts coverage with "overweight" rating and $25 PT; RBC starts coverage with "outperform" and $20 PT
** Shares of VG up at 1.88% at $16.26 premarket
** Both brokerages began coverage following the expiry of the mandated quiet period
** Both JPM and RBC see VG as a key player in the LNG industry due to its efficient project execution, low-cost LNG production, and growth potential
** "Venture’s "design one, build many" modular approach has disrupted the industry. VG seeks to leverage secular LNG demand...for rapid growth" - JPM
** "VG can benefit from LNG sales during the longer commissioning process," RBC says
** Shares of VG have been trading below IPO price of $25 having debuted at $24.05 last month
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。