Williams price target raised to $39 from $38 at CIBC

CIBC analyst Robert Catellier raised the firm’s price target on Williams to $39 from $38 and keeps a Neutral rating on the shares. The firm notes the company’s quarterly results that were ahead of its estimates and consensus are a positive for the stock and lead management to expect full-year results at the top half of 2024 guidance. The company is demonstrating its ability to deliver solid results irrespective of the commodity price environment, adds CIBC.