Venture Global price target raised to $14 from $10 at Wells Fargo

Wells Fargo raised the firm’s price target on Venture Global (VG) to $14 from $10 and keeps an Equal Weight rating on the shares. The firm says the Iran war will create a “structural shift” in global energy markets, including midstream. The war will boost demand for U.S. energy, the analyst tells investors in a research note. Wells expects Permian gas and natural gas liquids supply to accelerate in order to meet this growing demand. It boosted price targets across the midstream energy group.