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Fly News Breaks for January 10, 2017
WPZ, WMB
Jan 10, 2017 | 08:09 EDT
Bernstein analyst Jean Ann Salisbury was disappointed by Williams' (WMB) "financial repositioning" moves, as she wanted the company to continue carrying out the plan that it had announced in August. However, she notes that her free cash flow estimates for the company have not changed, and she says that its decision to eliminate its IDRs will result in greater simplicity. The analyst keeps a $35 price target and an Outperform rating on Williams and a $42 price target and an Outperform rating on Williams Partners (WPZ).
News For WMB;WPZ From the Last 2 Days
WMB
Apr 18, 2024 | 16:26 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WMB
Apr 18, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WMB
Apr 18, 2024 | 04:53 EDT
Wolfe Research downgraded Williams to Underperform from Peer Perform with a $34 price target. The company "has had challenges" with a disappointing 2024-2025 outlook in February, weak gas prices, and large gas production cuts, the analyst tells investors in a research note. Despite this, the stock has kept pace with peers year-to-date on early hopes for a gas recovery and data center buzz, says Wolfe. The firm cites relative valuation for the downgrade.
