Venture Global Jumps, Levi Raises Revenue Outlook, AMC Rises
On this episode of Stock Movers:
-Venture Global Inc. is close to reaching an agreement for a $20 billion financing package to complete its third liquefied natural gas export project, with European banks Banco Santander SA and ING Groep NV among the lead arrangers, according to people familiar to the matter. A final investment decision on the CP2 project could be made as soon as the end of this month.
- Levi Strauss & Co. raised its revenue outlook, expecting sales growth to outweigh the effect of President Donald Trump’s tariffs. The company now sees revenue rising between 1% and 2% for the current fiscal year, and has slightly lowered its guidance for gross margin due to tariffs.
- AMC Entertainment (AMC) shares rose by more than 11% in recent Friday trading after Wedbush upgraded the company's stock to outperform from neutral and raised its price target to $4 from $3.
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