NextDecade price target raised to $15 from $10 at Morgan Stanley

Morgan Stanley raised the firm’s price target on NextDecade (NEXT) to $15 from $10 and keeps an Overweight rating on the shares. The company continues to expect a final draft Supplemental Environmental Impact Statement from FERC by end-July, the analyst tells investors in a research note. The firm believes a final investment decision on Train 5 could come before the end of September, consistent with the timeline for the price lock on the new EPC contract.