Venture Global (VG) shares were up more than 5% in Thursday trading after JPMorgan upgraded the company's stock to overweight from neutral and adjusted its price target to $17 from $16.
Trading volume stood at over 6.9 million shares compared with a daily average of about 26.2 million.
Price: $13.19, Change: $+0.67, Percent Change: +5.31%
JPMorgan Chase & Co (JPM) and Jefferies Financial Group (JEF) are organizing trips to Caracas as foreign investor interest in Venezuela's economic reopening and debt restructuring grows, Bloomberg reported.Jefferies executives traveled to Venezuela this week to meet with local banking executives, with a return visit under consideration, while JPMorgan is working to arrange a visit possibly alongside clients, the report said, citing people familiar with the matter.All executives involved in Jefferies' visit were cleared by the bank's compliance department, the report added.Venezuela has hired Hogan Lovells as legal counsel and Centerview Partners as financial adviser for what could be one of the largest sovereign debt restructurings since the Greek crisis, Bloomberg said.JPMorgan and Jefferies did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $312.12, Change: $+11.27, Percent Change: +3.75%
Murphy Oil (MUR) shares rose 3% in Thursday trading after KeyBanc upgraded the stock to overweight from sector weight, with a price target of $48 per share.Trading volume stood at over 1.2 million shares compared with a daily average of about 2.3 million.Price: $40.33, Change: $+1.16, Percent Change: +2.95%
Erasca (ERAS) shares rose 1.5% in Thursday afternoon trading after BofA Securities upgraded the stock to neutral from underperform and raised its price target to $16 from $9.Trading volume stood at over 5.5 million shares, compared with a daily average of about 6.9 million shares.Price: $13.38, Change: $+0.20, Percent Change: +1.52%