BUZZ-RBC lowers Venture Global price target on arbitration risk

Reuters11-26
BUZZ-RBC lowers Venture Global price target on arbitration risk

** RBC Capital Markets cuts price target on LNG company Venture Global VG.N to $13 from $17; reiterates "outperform" rating

** The new price target represents a ~90% upside to the stock's last close

** Brokerage cuts PT to reflect slightly lower estimates, unresolved arbitration risk and increased uncertainty around longer‑term LNG pricing and margins

** Brokerage says "for the four outstanding arbitrations, VG does not expect arbitration decisions until 2026 at the earliest," adding that the pending cases will remain an overhang on shares

** Eight of 15 brokerages rate the stock "buy" or higher and 7 "hold"; median PT is $12- data compiled by LSEG

** Up to last close, stock down 71.3% since its NYSE debut in January

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))

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