Wells Fargo added Williams (WMB) to the firm’s Q4 2025 Tactical Ideas List. The firm says the company enters Q4 with multiple potential catalysts, namely FID on two pending BTM projects and growing BTM TAM visibility and FID on a potential multi-billion Northwest expansion. These could drive upward revisions to EBITDA growth expectations and re-rate the stock, Wells adds. The firm has an Overweight rating on the name with a price target of $70 on the shares.
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