Here’s Why BofA Lowered the PT on Venture Global (VG)

Group 1 - Venture Global, Inc. (NYSE:VG) is considered an undervalued stock with significant upside potential, with a Buy rating reiterated by Bank of America Securities, although the price target was lowered from $15 to $11 [1] - The valuations of refiners have been unexpectedly high in 2025 due to temporary factors such as Ukrainian drone strikes on Russian infrastructure, tighter sanctions on Russian fuel exports, increased European gas prices, and slower global refining capacity ramp-up [2] - A probable resolution of the Russia-Ukraine conflict in 2026 could lead to the return of Russian pipeline gas to Europe, which would decrease pressure on European gas and LNG pricing, potentially impacting Venture Global's long-term margins [3] Group 2 - Venture Global signed a significant 20-year agreement with Tokyo Gas, Japan's leading natural gas supplier, to supply 1 million tons per annum of liquefied natural gas starting in 2030 [4]