RBC Capital analyst Elvira Scotto lowered the firm’s price target on Venture Global (VG) to $11 from $13 and keeps an Outperform rating on the shares as part of a broader research note previewing Q4 for U.S. Midstream. Commodity prices and production curtailments are driving most of the firm’s estimate changes, the analyst tells investors in a research note. RBC adds that while in Q4, natural gas focused names underperformed the broader group on AI bubble concerns, the firm still likes the natural gas growth story and expects it to remain a key theme throughout earnings season.
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