Williams upgraded to Peer Perform from Underperform at Wolfe Research

Wolfe Research analyst Keith Stanley upgraded Williams (WMB) to Peer Perform from Underperform without a price target The firm says “rising evidence” of a growth inflection in Williams better supports the stock’s “premium valuation.” The stock is “thematically appealing with financial flexibility to fund a growing opportunity set,” the analyst tells investors in a research note. Wolfe sees a path for Williams to “build down” the stock’s multiple close to peers by 2028.