Williams Companies (WMB) PT Raised to $36 at Argus
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Argus reiterated a Buy rating and bumped its price target on Williams Companies (NYSE: WMB) to $36.00 (from $31.00).
The firm notes since the termination of the merger agreement with Energy Transfer Equity on June 27, WMB shares have risen more than 50%.
"We believe the run-up reflects expectations for continued strong demand for natural gas, both from commercial and residential customers; the company’s opportunities to expand its natural gas assets; and recent activist interest in the shares," the analyst stated.
They are retaining their 2016 EPS estimate of $0.74 and 2017 estimate of $1.15, implying growth of 55%.
Shares of Williams Companies closed at $30.63 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change
Related EntitiesArgus, Definitive Agreement
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