Venture Global price target raised to $16 from $14 at RBC Capital

RBC Capital raised the firm’s price target on Venture Global (VG) to $16 from $14 and keeps an Outperform rating on the shares. The firm is updating its estimates to reflect Q1 cargoes and also incorporates the updated RBC commodity price forecast ahead of its earnings, the analyst tells investors in a research note. RBC adds that investors are expected to focus on Venture Global’s ability to capture higher prices, unsold capacity, and potential updates to guidance.