Stifel raised the firm’s price target on NextDecade to $7.50 from $4.50 and keeps a Hold rating on the shares. Yesterday, NextDecade announced the decision to move forward with its Rio Grande LNG project in Texas, the analyst tells investors. While costs were higher than expected and the company had to give up more of the equity ownership of the project, NextDecade “did cross the finish line,” which should create permanent value for shareholders, Stifel says.
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