Market Overview

UPDATE: Jefferies Initiates Coverage on Williams Companies on Dominant Midstream Position

Related WMB
Lone Pine To Investors: We Had A Tough Third Quarter
Oil's Slide Hasn't Capped Energy M&A Gusher
The Vetr community has upgraded $WMB to 5-Stars. (Vetr)

In a report published Wednesday, Jefferies analyst Christopher Sighinolfi initiated coverage on Williams Companies (NYSE: WMB) with a Buy rating and $41.00 price target.

In the report, Jefferies noted, “With a sizable portfolio of North American midstream assets, affiliation with two entrenched MLPs, and $8.5B of identified growth projects through 2015, WMB is poised to remain a dominant midstream player. Acute pressure at WPZ (due to keep-whole exposure, equity overhang, and Geismar uncertainty) have pressured WMB shares; however, we believe these issues are reflected at current levels and present an attractive entry point. We initiate with a Buy.”

Williams Companies closed on Tuesday at $36.24.

Latest Ratings for WMB

Sep 2015Scotia Howard WeilDowngradesSector Perform
Sep 2015Wells FargoDowngradesOutperformMarket Perform
Jul 2015JefferiesDowngradesBuyHold

View More Analyst Ratings for WMB
View the Latest Analyst Ratings

Posted-In: Christopher Sighinolfi JefferiesAnalyst Color Initiation Analyst Ratings


Related Articles (WMB)

View Comments and Join the Discussion!

Get Benzinga's Newsletters