Williams (WMB) Stock: $40 Price Target And Buy Rating

By Amit Chowdhry ● May 13, 2022
  • The shares of Williams Companies (NYSE: WMB) have received a $40 price target from Argus. These are the details.

The shares of Williams Companies (NYSE: WMB) have received a $40 price target from Argus. And Argus analyst Bill Selesky increased the price target on Williams Companies from $34 while maintaining a “Buy” rating on the shares.

The price target was adjusted after Williams reported its first-quarter results. Williams reported a Q1 EPS of $0.41, which was $0.07 higher than analyst estimates of $0.34. And the revenue for the quarter was $2.52 billion compared to the consensus estimate of $2.98 billion.

Going forward the company expects 2022 adjusted EBITDA between $5.9 billion and $6.2 billion, a $250 million midpoint increase from guidance originally issued in February 2022. 

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