Morgan Stanley analyst Robert Kad upgrades $Williams (WMB.US)$ to a buy rating, and adjusts the target price from $52 to $58.
According to TipRanks data, the analyst has a success rate of 71.2% and a total average return of 14.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Williams (WMB.US)$'s main analysts recently are as follows:
The firm perceives multiple sectors of growth that remain undervalued, which could mitigate the risk surrounding Williams' capability to realize a 5%-7% yearly EBITDA growth, potentially leading to a reevaluation of the stock. Midstream investors may shift focus towards areas where growth is most robust and apparent. Williams' natural gas pipeline infrastructure is increasingly vital for maintaining power grid stability and catering to emerging sources of natural gas demand.
Temporary outages caused by hurricanes and the sale of Aux Sable were 'partially offset,' aligning with budgetary expectations, according to an analyst's research note. It's anticipated that the second quarter marked the low point for producer curtailment, with a modest recovery expected in the third quarter.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
