Williams price target raised to $60 from $56 at Truist

Truist raised the firm’s price target on Williams (WMB) to $60 from $56 and keeps a Hold rating on the shares. The company’s Williams Transco System continues to hit peak demand levels, and Williams also simultaneously continues to ramp other existing assets while bringing additional projects online, the analyst tells investors in a research note. Truist adds however that while natural gas demand is likely to stay brisk, the premium trading multiple assumes several power generation solutions with timing still somewhat uncertain.