JPMorgan downgraded Venture Global (VG) to Neutral from Overweight with a price target of $11, up from $10. The company’s regulatory filing earlier this month included a negative revision to its 2025 adjusted EBITDA guidance, marking the third downward revision since the initial look, the analyst tells investors in a research note. The firm says the revisions highlight Venture’s high sensitivity to short-term pricing, a dynamic it sees continuing. It says near term supply additions increase the price uncertainty for liquified natural gas.
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