<div id="readability-page-1">Citi on Friday slashed its price target for Venture Global from $16 to $9 per share, warning that weak liquefied natural gas prices and more losses in arbitration cases against customers could lead to a “prolonged overhang” for the stock. Shares of the Arlington, Va., based natural gas exporter are down nearly 70% from the company’s initial public ...</div>

<p>Citi has reduced Venture Global's price target from $16 to $9 per share, citing weak LNG prices and arbitration losses as factors for a prolonged stock overhang. The company's shares have dropped nearly 70% since its initial public offering.</p>

Citi Slashes Venture Global’s Price Target by 40%. How Weak LNG Prices Could Lead to a ‘Prolonged Overhang.’