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Wells Fargo Boosts The Williams Companies, Inc. (WMB) Price Target After Analyst Day Presentation
Wells Fargo raised its price target for The Williams Companies, Inc. (WMB) to $80 from $71, following an impressive Analyst Day presentation that projected over 10% EBITDA compound annual growth rate through 2030. This follows UBS also increasing its price target to $89 from $78, identifying Williams as a key midstream company benefiting from energy production and data center natural gas demand. The company specializes in natural gas processing and transportation, with projected growth largely secured by existing projects and moderate gathering and processing expansion.