Venture Global upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded Venture Global (VG) to Buy from Hold with a $17 price target The firm left its meeting with the company’s management at the Plaquemines LNG facility with a much better understanding of just how complex, disciplined, and deliberate the sequencing of construction activities are to allow for the simultaneous commissioning and construction work that occurs at these projects. While Venture Global is best known for its approach in using factory-built, mid-scale liquefaction trains, the firm believes that this barely scratches the surface of how the company is differentiating its simultaneous commissioning and construction process.