Venture Global price target lowered to $12 from $14 at BofA

BofA analyst Jean Ann Salisbury lowered the firm’s price target on Venture Global (VG) to $12 from $14 and keeps a Buy rating on the shares. While stating that Venture “looks operationally sound,” the firm lowered its FY25 EBITDA estimate to $6.0B from $6.4B on higher operating expense during commissioning and higher development cost for CP2 this year.