Wells Fargo analyst Praneeth Satish raised the firm’s price target on Williams (WMB) to $70 from $67 and keeps an Overweight rating on the shares. The firm views underperformance following the Q2 report as likely due to high expectations around new project Final Investment Decisions, but came away from the call “more positive” and raised its price target as the firm shifts its valuation basis to 2027. Wells continues to view Williams as “a top pick,” the analyst tells investors.
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