TD Securities Believes Williams Co (WMB) Still Has Room to Grow
TD Securities analyst TD Newcrest maintained a Buy rating on Williams Co (WMB) yesterday and set a price target of $25.00. The company’s shares closed last Wednesday at $23.91, close to its 52-week high of $24.08.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Williams Co with a $25.89 average price target, which is an 8.6% upside from current levels. In a report issued on February 9, Merrill Lynch also maintained a Buy rating on the stock with a $25.00 price target.
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The Williams Cos., Inc. operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through three segments: Williams Partners; and Others. The Williams Partners segment includes gas pipeline and domestic midstream businesses. The gas pipeline business includes interstate natural gas pipelines and pipeline joint venture investments, and the midstream business provides natural gas gathering, treating and processing services; NGL production, fractionation, storage, marketing and transportation and deepwater production handling and crude oil transportation services. The Other segment comprises of corporate operations; olefins pipeline assets; and Canada assets. The company was founded by David Williams and Miller Williams in 1908 and is headquartered in Tulsa, OK.