** 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))
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。