Venture Global initiated with an Outperform at Raymond James

Raymond James initiated coverage of Venture Global (VG) with an Outperform rating and $11 price target Venture Global is positioned as a fast-growing U.S. LNG provider with an innovative, scalable development model that enables quicker project delivery than industry norms, the analyst tells investors in a research note. Despite near-term macro and arbitration risks, many concerns appear priced in, while expanding contracts and long-term global gas demand support a resilient growth outlook, the firm says.