Jefferies lowered the firm’s price target on Williams (WMB) to $70 from $72 and keeps a Buy rating on the shares. Despite a negative share price reaction to earnings, Williams’ Q3 commentary was “constructive” and the firm’s Buy thesis remains intact, the analyst tells investors in a post-earnings note.
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Read More on WMB:
- Williams price target lowered to $70 from $72 at BMO Capital
- 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