** Liquefied natural gas producer NextDecade's NEXT.O shares up 12.9% at $10.40
** Morgan Stanley raises PT on NEXT to $15 from $10
** New PT an upside of 62.8% to stock's last close
** Brokerage says improved regulatory backdrop has pushed several U.S. LNG projects toward formal approval
** NEXT's Rio Grande LNG facility in Texas has three liquefaction trains with a capacity of 48 million tonnes per year; trains 4 and 5 are being commercialized
** "We expect FIDs and financing of trains 4 and 5 by mid-Sept and also inclusion of Train 5 to our base case boosts the PT" - Morgan Stanley
** Three out of three brokerages rate the stock "buy"; median PT is $10 - data compiled by LSEG
** Including session's moves, NEXT up 34.9% YTD
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
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