Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Williams (WMB) to $83 from $81 and keeps a Buy rating on the shares. Ahead of Q1 results, investor focus has shifted from the long-term compound annual growth rate to proof of Power Innovation execution, the analyst contends in a preview. While the market awaits clearer backlog conversion, the firm says its continued confidence in the PI opportunity makes the risk/reward “compelling,” the analyst added.
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