Updates

** Wall Street brokerages initiate coverage on U.S. liquefied natural gas $(LNG)$ company Venture Global VG.N with most having a bullish view on stock

** Shares of VG up at 2.5% at $16.35 premarket

** JPM, Citigroup, RBC, Guggenheim, Mizuho, Scotiabank, Deutsche Bank began coverage following the expiry of the mandated quiet period

** JPM, RBC and Guggenheim see VG as a key player in the LNG industry due to its efficient project execution, low-cost production and significant 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

** Mizuho believes VG's unique business model will generate significant internal cash flow and make it one of the largest LNG exporters globally, and near-term successes, like the Plaquemines project, will validate VG's growth potential

** Citigroup starts coverage with a "neutral" rating, warning of lower margins and volatile earnings from 2027 due to global LNG oversupply, despite co's strengths

** Shares of VG have been trading below IPO price of $25 having debuted at $24.05 last month

Following are brokerages' ratings and PT on VG stock that started coverage:

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))