Morgan Stanley has selected The Williams Companies as one of its top picks for investing in the development of AI infrastructure. The investment bank maintained an overweight rating with a $103 price target, representing 45% upside potential from Tuesday’s closing price. The stock has declined nearly 7% over the past three months due to investor concerns about the sustainability of hyperscalers’ massive investments in data centers. Of the 23 analysts covering The Williams Companies, 19 recommend buy or strong buy, according to LSEG data.
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