Williams Companies’ Updated Ratings after Wells Fargo Upgrade

Analyst ratings for Williams Companies

In this article, we’ll look at what Wall Street analysts recommend for Williams Companies (WMB). WMB was upgraded by Wells Fargo from “market perform” to “outperform,” which is equivalent of a “buy” rating. Following this upgrade, 65% of analysts rate Williams Companies as a “buy,” and the remaining 35% rate it as a “hold.”

Williams Companies’ Updated Ratings after Wells Fargo Upgrade

The average broker target price of $33.10 for WMB implies a 9.2% price return in the next 12 months from its May 12, 2017, closing price of $30.30. Williams Companies’ peers, Kinder Morgan (KMI) and TransCanada Corporation (TRP), have “buy” ratings from 72.7% and 85.7% of analysts, respectively. Williams Partners (WPZ) WMB has a “buy” rating from 58% of the analysts surveyed by the Reuters.

For details on MLPs’ rating updates after 1Q17 earnings, please read Ratings Update for MLPs after 1Q17 Earnings.