** 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))
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