Scotiabank and UBS Turn More Positive on Williams (WMB) After Q1

The Williams Companies, Inc. (NYSE:WMB) is included among the 10 High Quality Stocks to Buy According to Hedge Funds.

Scotiabank and UBS Turn More Positive on Williams (WMB) After Q1

On May 12, Scotiabank analyst Brandon Bingham raised the firm’s price recommendation on The Williams Companies, Inc. (NYSE:WMB) to $86 from $85. The analyst reiterated an Outperform rating on the shares. The analyst said the Q1 reporting season highlighted the ability of midstream companies to generate strong earnings during periods of turbulence and market shocks. He shared those views in a research note to investors.

Also on May 12, UBS analyst Manav Gupta raised the firm’s price goal on Williams to $91 from $89 and kept a Buy rating on the stock. According to the analyst, Williams continues to stand out by expanding its business at a faster pace than expected. In a research note, the firm said the company’s Power Innovation business could add EBITDA upside potential of $1.93 billion by 2029 based on projects already announced. These projects include Socrates, Atlas, Apollo, Aquila, Socrates the Younger, and Neo.

The Williams Companies, Inc. (NYSE:WMB) owns and operates energy infrastructure focused on natural gas delivery. Its business segments include Transmission, Power & Gulf, Northeast G&P, West, and Gas & NGL Marketing Services.

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