TD Cowen cut the target for Williams Cos stock from USD 87 to USD 85
Published on 10/19/2026 at 09:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDates and analyst revisions
- TD Cowen cut its Williams target from USD 87 to USD 85 on October 16, 2026.
- Second-quarter revenue reached USD 3.05 billion, up 9.80 percent year over year.
- Williams Cos stock trades at EUR 63.87 at 9:06 a.m. CEST at Lang & Schwarz on October 19, 2026, 1.16 percent above the Xetra close of October 16, 2026.
Williams Cos (ISIN US9694571004) was trading at EUR 63.87 at Lang & Schwarz on October 19, 2026, at 9:06 a.m. CEST, up 1.16 percent versus the Xetra close of October 16, 2026, at EUR 63.14. On October 16, 2026, TD Cowen cut its price target for Williams from USD 87 to USD 85 while keeping a Buy rating, as Markets Insider reported. The revision puts the upcoming quarterly report at the center of the next valuation test.
Three dated Williams milestones
On August 3, 2026, Williams reported second-quarter revenue of USD 3.05 billion, an increase of 9.80 percent from the same quarter in 2025. GAAP net income reached USD 827.0 million, compared with USD 546.0 million a year earlier, according to Ticker Scout. On September 8, 2026, the company priced USD 2.75 billion of senior notes, adding financing capacity for capital spending and corporate purposes.
On October 16, 2026, TD Cowen lowered its target from USD 87 to USD 85. The same update cited the need to assess Permian dry-gas opportunities during the third-quarter preview, according to Markets Insider.
What does the target cut change?
The lower USD 85 target contrasts with Williams' raised 2026 adjusted EBITDA midpoint of USD 8.4 billion. Weiss Ratings reported that management lifted the midpoint by USD 200 million after the second-quarter results. For investors, the tension is measurable: higher earnings guidance supports the growth case, while the target revision reflects more cautious assumptions about future volumes.
Upcoming dates for Williams
Williams Companies plans to publish third-quarter 2026 results after the market close on November 2, 2026. The company scheduled its earnings conference call for November 3, 2026, at 9:30 a.m. Eastern Time. These dates give the market two defined checkpoints for volume trends, integration progress and the USD 8.4 billion adjusted EBITDA midpoint.
Price stays above Xetra close
The Williams network spans 32,000 miles of pipelines and handles one-third of US natural gas volumes, according to the company's corporate materials. That operating scale makes the upcoming results relevant beyond the target revision, particularly as the company balances infrastructure investment with financing costs.
Williams Cos was trading at EUR 63.87 at Lang & Schwarz on October 19, 2026, at 9:06 a.m. CEST, 1.16 percent above the Xetra close of October 16, 2026, at EUR 63.14. The primary listing is on the NYSE, where the company trades under WMB.
The further course of trading is shown by the continuously updated real-time quote of Williams Cos stock.
Williams Cos stock facts
- Company: The Williams Companies, Inc.
- ISIN: US9694571004
- Ticker: WMB
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 19, 2026, 9:06 a.m. CEST): EUR 63.87
- Change versus Xetra close: plus 1.16 percent
- Xetra close (October 16, 2026): EUR 63.14
- 52-week range: EUR 33.22-69.12 (as of October 19, 2026)
- Sector / Industry: Energy / Oil and Gas Midstream
Market context: Market report S&P 500.
