TD Cowen analyst Jason Gabelman initiated coverage of Williams (WMB) with a Buy rating and $67 price target Among midstream companies, Williams is best positioned to capture the dual demand tailwinds of data centers and LNG given its Transco gas pipeline, which accounts for 38% of EBITDA transports natural gas along the corridor of LNG facilities and data center build-out centers, the analyst tells investors. The company “looks fairly valued” on 2026 EBITDA, but with upside from longer-term opportunities, the analyst added.
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