Wells Fargo Lifts PT on Venture Global (VG) to $14 From $10 – Here’s Why

Venture Global, Inc. (NYSE:VG) is one of the most profitable NYSE stocks to invest in. Wells Fargo lifted the price target on Venture Global, Inc. (NYSE:VG) to $14 from $10 on March 25, reiterating an Equal Weight rating on the shares and telling investors that the Iran war is likely to create a “structural shift” in global energy markets, including midstream. Wells boosted price targets across the midstream energy group.

The firm further told investors in a research note that the war will increase demand for U.S. energy, and that it anticipates Permian gas and natural gas liquids supply to accelerate in order to meet this growing demand. Wells boosted price targets across the midstream energy group.

In another development, Morgan Stanley double upgraded Venture Global, Inc. (NYSE:VG) to Overweight from Underweight on March 23, raising the price target on the stock to $22 from $8. The upgrade came after the damage to Qatar’s liquified natural gas plant in Ras Laffan, with expansion delays at Ras Laffan creating a large LNG shortfall this year and mitigating oversupply risk in 2027 and 2028.

Venture Global, Inc. (NYSE:VG) is involved in the construction and development of liquefied natural gas production. The company’s projects include Calcasieu, Plaquemines, CP2, CP3, and Delta projects.

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