Williams price target raised to $56 from $52 at Truist

Truist analyst Neal Dingmann raised the firm’s price target on Williams (WMB) to $56 from $52 but keeps a Hold rating on the shares. The company continues to see upside from growth projects and acquisitions that more than offset pressure from continued relatively weak natural gas prices, the analyst tells investors in a research note. Truist adds however that while investor optimism over upcoming natural gas activity remains strong, there appears to be some near-term risk off, and the firm remains neutral given the stock’s current premium valuation.