Williams price target raised to $59 from $52 at Scotiabank

Scotiabank analyst Brandon Bingham raised the firm’s price target on Williams (WMB) to $59 from $52 and keeps a Sector Perform rating on the shares. The firm is rolling forward its target valuation year to 2027 and introducing its estimates for 2028 for stocks in the U.S. Midstream sector, the analyst tells investors. Scotiabank still expects units to remain range bound with limited catalysts on the horizon.