Raymond James initiated coverage on Venture Global (VG) with an Outperform rating and an $11 price target, citing its position as a fast-growing US LNG provider with an innovative development model. Despite acknowledging near-term risks, the firm believes these are largely priced in, with expanding contracts and long-term global gas demand supporting growth. RBC Capital also maintains an Outperform rating but lowered its price target to $11 from $13 due to commodity prices while remaining positive on natural gas growth.
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Venture Global (VG) Initiated With Outperform Rating, $11 PT at Raymond James
Raymond James initiated coverage on Venture Global (VG) with an Outperform rating and an $11 price target, citing its position as a fast-growing US LNG provider with an innovative development model. Despite acknowledging near-term risks, the firm believes these are largely priced in, with expanding contracts and long-term global gas demand supporting growth. RBC Capital also maintains an Outperform rating but lowered its price target to $11 from $13 due to commodity prices while remaining positive on natural gas growth.