Reported 1 day ago
Deutsche Bank has downgraded Venture Global, Inc. (NYSE:VG) stock from 'Buy' to 'Hold,' raising its price target from $13.50 to $17 due to valuation concerns as shares approach the new target. Despite challenges related to liquidity and ongoing projects like the CP2 LNG facility, the company remains optimistic about its capacity to meet growing global LNG demand, highlighted by recent agreements with PETRONAS. While acknowledging VG's potential, analysts suggest that other AI stocks may present better investment opportunities.
Source: YAHOO