Venture Global price target raised to $14 from $12 at Wells Fargo

Wells Fargo raised the firm’s price target on Venture Global (VG) to $14 from $12 and keeps an Equal Weight rating on the shares. The firm notes Q2 beat and 2025 guidance is unchanged, and cites a shift forward in its valuation models, higher spreads and lower discount rate for its price target change. Favorable resolution of the arbitration with Shell removes a key overhang, adds Wells.