BMO Capital analyst Ameet Thakkar lowered the firm’s price target on Williams (WMB) to $70 from $72 and keeps an Outperform rating on the shares after its Q3 earnings miss. Some anticipation of Williams’ Q3 earnings call has diminished given the prior announcement of additional 850 MWs of power projects, though the recent announced a $1.9B investment in Woodside Energy’s 16.5 MTPA Louisiana LNG project raised questions and weighed on shares, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMB:
- Williams reports Q3 adjusted EPS 49c, consensus 52c
- Williams backs FY25 adjusted EBITDA view $7.6B-$7.9B
- WMB Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Promising Outlook for Williams Co.: Strategic Moves and Market Potential Highlighted in Buy Rating
- Williams divests upstream asset, partners with Woodside Energy