Venture Global price target lowered to $15 from $17 at Scotiabank

Scotiabank lowered the firm’s price target on Venture Global (VG) to $15 from $17 and keeps a Sector Perform rating on the shares. The company’s Q4 results were “disappointing,” with results below expectations, the analyst tells investors. The firm sees this quarter as a level-set for the company as everyone is now on the same page with the various mechanics of the business, but this level set is below prior expectations.