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Fly News Breaks for August 8, 2019
WMB
Aug 8, 2019 | 07:30 EDT
Argus analyst Bill Selesky downgraded Williams to Hold, saying the rise in natural gas capacity is expected to weigh on gas prices and on the stock in the near term. The analyst notes that gas price decline to $2.10/MMbtu has already exceeded his forecast of 2.85/MMbtu, even though he remains positive on the company's stronger balance sheet and dividend payout yield of about 6.5%.
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