JPMorgan initiated coverage of Venture Global (VG) with an Overweight rating and $25 price target The company’s “advantaged business model and design underpin industry-leading growth,” the analyst tells investors in a research note. The firm says Venture seeks to leverage secular liquified natural gas demand growth and new pro-energy policy for “rapid growth.” Although the prospects for Russian gas reentering the European market have hurt LNG sentiment and present :notable curve downside risk,” the share pullback as overdone and presents an attractive entry point, contends JPMorgan.
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Read More on VG:
- Venture Global initiated with an Outperform at RBC Capital
- Venture Global initiated with a Neutral at Citi
- Balanced Outlook: Assessing Venture Global, Inc.’s Growth Potential and Risks in the LNG Market
- Buy Rating for Venture Global: Strategic Advantages and Promising Growth in the LNG Market
- Venture Global initiated with a Buy at Goldman Sachs