Venture Global downgraded to Neutral from Buy at UBS

UBS downgraded Venture Global (VG) to Neutral from Buy with a price target of $18, up from $14. In the last two months, the shares are 100.6%, outperforming global peer Cheniere Energy (LNG) by 95.4%, the analyst tells investors in a research note. UBS acknowledges Venture’s positive momentum, but based on the recent stock price appreciation, it sees limited upside. However, the company’s fundamentals will remain strong over the longer term, adds the firm.