Williams price target raised to $53 from $51 at Scotiabank

Scotiabank analyst Brandon Bingham raised the firm’s price target on Williams (WMB) to $53 from $51 and keeps a Sector Perform rating on the shares. The firm is updating its numbers and price targets on stocks in U.S. Midstream coverage following “mixed” Q4 results, the analyst tells investors. While the trajectory for the sector remains positive, near-term hits to free cash flow profiles and more muted returns have caused valuations to compress from recent highs, the firm adds.