Wells Fargo Upgrades Williams Companies (WMB) to Outperform; Risk Profile Improved
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Price: $72.31 --0%
Rating Summary:
23 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 6
Rating Summary:
23 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 6
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Wells Fargo upgraded Williams Companies (NYSE: WMB) from Market Perform to Outperform with a price target range $37-40.
Analyst, Sharon Lui, said, "WMB is well positioned to continue delivering robust dividend growth (i.e. target of 20% annually in 2013 and 2014) supported by 8-10% annual increases in WPZ’s distribution, a projected 31% CAGR in the IDRs, and an estimated 31% CAGR in MC&O results. Management remains positive long-term on natural gas fundamentals. The commodity’s low cost and price advantage against most other energy sources is spurring investments in a multitude of industries including power generation, steel, agriculture (e.g. fertilizer), and petrochemical (e.g. energy consumption of new crackers and downstream units)."
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 $31.29 yesterday.
Analyst, Sharon Lui, said, "WMB is well positioned to continue delivering robust dividend growth (i.e. target of 20% annually in 2013 and 2014) supported by 8-10% annual increases in WPZ’s distribution, a projected 31% CAGR in the IDRs, and an estimated 31% CAGR in MC&O results. Management remains positive long-term on natural gas fundamentals. The commodity’s low cost and price advantage against most other energy sources is spurring investments in a multitude of industries including power generation, steel, agriculture (e.g. fertilizer), and petrochemical (e.g. energy consumption of new crackers and downstream units)."
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 $31.29 yesterday.
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