Wolfe Research analyst Sam Margolin upgraded NextDecade to Outperform from Peer Perform with an $8 price target. The analyst believes the stock’s risk/reward is “highly favorable” given the “limited commercial lift” to get a Train 4 of Rio Grande LNG final investment decision. With a Train 4 FID fully discounted back, the firm sees a share valuation at $8.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NEXT:
- NextDecade files to sell 24.16M shares of common stock for holders
- NextDecade upgraded to Buy from Hold at Stifel
- NextDecade Corp options imply 5.3% move in share price post-earnings
- NextDecade Corp options imply 4.5% move in share price post-earnings
- NextDecade Corp call volume above normal and directionally bullish