Venture Global price target raised to $18.50 from $12 at BofA

BofA raised the firm’s price target on Venture Global (VG) to $18.50 from $12 and keeps a Buy rating on the shares. Before the recent escalation between Israel and Iran, the outlook for LNG in the second half was already improving and the Middle East conflict “adds a layer of risk premium,” the analyst tells investors. The firm cites positive revisions momentum and near-term bullishness on global LNG in its price target hike for Venture Global.