Why NextDecade Stock Is Soaring Today
Shares of NextDecade (NASDAQ: NEXT) surged more than 34% by 2:30 p.m. EDT on Monday. Fueling the liquefied natural gas (LNG) stock was an analyst upgrade.
Morgan Stanley upgraded its rating on NextDecade from "equal weight" to "overweight," and boosted its price target from $2 per share to $6 per share. That new target is still more than 80% above the current price even after Monday's rally. Underpinning that upgrade is the view that a global recovery in the natural gas market is "well underway."
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Source Fool.com
