Jefferies Downgrades Williams Companies (WMB) and Williams Partners L.P (WPZ) to Hold

March 20, 2014 8:13 AM EDT
Get Alerts WMB Hot Sheet
Price: $35.90 +1.30%

Rating Summary:
    21 Buy, 8 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 16 | New: 12
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Jefferies analyst Christopher Sighinolfi downgraded Williams Companies (NYSE: WMB) and Williams Partners L.P. (NYSE: WPZ) from Buy to Hold with price targets of $44 and $52, respectively. The firm notes operationsl issues persist.

Sighinolfi commented, "WMB shares are up ~20% since mid-Dec. when two large passive investors announced plans to pursue activist measures. However, as WMB's challenges remain largely operational (low frac spreads, Geismar outage, persistent NE setbacks), we do not see a quick fix. Without obvious corrective solutions, an adverse commodity environment, and an expectation for results to fall short of guidance, we are downgrading WMB & WPZ to Hold."

For an analyst ratings summary and ratings history on Williams Companies click here. For more ratings news on Williams Companies click here.

Shares of Williams Companies closed at $41.64 yesterday.


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