Wells Fargo raised the firm’s price target on Williams (WMB) to $70 from $67 and keeps an Overweight rating on the shares. The firm notes the company underperformed post-Q2, likely due to high expectations around new project FIDs. But post-call, Wells came away more positive, and continues to view Williams as a top pick.
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Read More on WMB:
- Williams price target raised to $70 from $67 at Wells Fargo
- Optimistic Outlook for Williams Co.: Buy Rating Affirmed Amid Strategic Growth Initiatives
- Williams price target raised to $64 from $63 at Stifel
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