Williams price target raised to $78 from $76 at Jefferies

Jefferies raised the firm’s price target on Williams (WMB) to $78 from $76 and keeps a Buy rating on the shares. The firm is “highly encouraged” by the company’s five-year adjusted EBITDA growth target of 10% annually. The outlook “leaves the door open to modest outperformance,” the analyst tells investors in a research note. Jefferies still sees a path to a 13% annual EBITDA growth and believes the Street continues to underestimate Williams’ growth potential.