Morgan Stanley initiated coverage of Venture Global (VG) with an Underweight rating and $8 price target The company offers strong growth but its elevated commodity exposure brings risks as the liquified natural gas market weakens, the analyst tells investors in a research note. Morgan Stanley says the global LNG market is positioned to move into oversupply. As a result, it shifted its U.S. industry view to Cautious from In-Line.
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- Venture Global Advances CP2 LNG Phase 2 Expansion Agreement
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- Venture Global price target lowered to $11 from $13 at RBC Capital
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