Williams price target raised to $42 from $40 at Truist

Truist analyst Neal Dingmann raised the firm’s price target on Williams to $42 from $40 and keeps a Hold rating on the shares. The firm is positive on the company’s diversified earnings along with solid projects in execution and potential future projects, though it also sees the stock’s current valuation reflecting much of the upside, the analyst tells investors in a research note. Williams has continued to invest to bolster its natural gas infrastructure capabilities both inorganically via bolt-on acquisitions and organically by continuing to execute against a compelling project backlog, and as a result of these actions, there is volume upside potential across the company’s various business units if and when natural gas demand improves materially, Truist added.