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Wells Fargo Boosts The Williams Companies, Inc. (WMB) Price Target After Analyst Day Presentation
Wells Fargo recently raised its price target for The Williams Companies, Inc. (WMB) to $80 from $71, following an Analyst Day presentation that projected a five-year EBITDA compound annual growth rate of over 10% through 2025 and 2030. UBS also increased its WMB price target earlier to $89 from $78, citing the company as a strong midstream player benefiting from energy production and data center natural gas needs. Williams Companies specializes in natural gas processing and transportation, with some assets in petroleum and electricity generation.