Liquified natural gas company Tellurian surges 18% following Credit Suisse upgrade

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Pippa Stevens@PippaStevens13
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Attendees stand near Tellurian Inc. signage during the World Gas Conference in Washington, D.C., U.S, on Tuesday, June 26, 2018.
Andrew Harrer | Bloomberg | Getty Images

Shares of liquified natural gas company Tellurian surged 18% on Friday after Credit Suisse upgraded the company to an outperform rating.

With the U.S. set to send more LNG to Europe, Credit Suisse said Tellurian stands to benefit.