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Fly News Breaks for August 16, 2018
WMB
Aug 16, 2018 | 08:00 EDT
Morgan Stanley analyst Tom Abrams resumed coverage of Williams with an Overweight rating and $35 price target, stating that its "metamorphosis over the last 18-24 months" has left it with a compelling mix of gas pipeline projects, complementary G&P investments and an advantaged financial profile relative to peers. He sees Williams' multiple continuing to expand relative to peers as it delivers on its capital program and delivers on expectations, Abrams tells investors.
News For WMB From the Last 2 Days
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.
