Williams price target raised to $44 from $40 at RBC Capital

RBC Capital raised the firm’s price target on Williams to $44 from $40 and keeps an Outperform rating on the shares. The firm is updating its model following the company’s recent earnings and other announcements while noting that the company’s expectation of exceeding the prior adjusted EBITDA guidance midpoint is achievable as Williams executes on its growth project backlog, the analyst tells investors in a research note. The company also stands to benefit from its natural gas focused strategy, especially as natural gas demand grows on the heels of LNG exports and datacenter-driven power demand growth, RBC added.