In a report released yesterday, Robert Kad from Morgan Stanley maintained a Buy rating on Williams Co, with a price target of $90.00.
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Robert Kad has given his Buy rating due to a combination of factors related to Williams Co’s stronger-than-expected operating performance and growth outlook. First-quarter 2026 Adjusted EBITDA exceeded both consensus and Morgan Stanley estimates, supported by higher transmission rates, new Gulf of Mexico volumes, robust storage revenues during winter storms, and volume-driven strength across Northeast gathering and processing as well as the West segment.
Robert Kad’s view is further underpinned by management’s confidence in achieving Adjusted EBITDA toward the upper end of the 2026 guidance range and by an expanded capital program focused on high-return projects. The company increased its growth capex plan to fund a larger slate of contracted infrastructure, including the Neo behind-the-meter power project, new data center-related gas capacity (Atlas), the Silver Spur and Power Express pipeline expansions, and sizable Marcellus and Haynesville gathering build-outs, while keeping leverage near targeted levels and maintaining an unchanged $90 price target, implying meaningful upside from current levels.
Kad covers the Energy sector, focusing on stocks such as Targa Resources, Williams Co, and DT Midstream. According to TipRanks, Kad has an average return of 10.1% and a 62.45% success rate on recommended stocks.
In another report released on May 1, Mizuho Securities also maintained a Buy rating on the stock with a $82.00 price target.