Williams Delivers Record Third-Quarter Results Driven by Continued Strength of Base Business

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CFRA Upgrades Williams Companies (WMB) to Buy

November 8, 2024 1:03 PM EST

CFRA analyst Stewart Glickman upgraded Williams Companies (NYSE: WMB) from Hold to Buy with a price target of $62.00 (from $42.00).

The analyst comments "Our 12-month target price of $62, raised $20, reflects a 12.5x multiple of enterprise value to projected 2025 EBITDA, above WMB's historical forward average, but slightly... More