Wells Fargo Bullish on Energy Stocks

Reported 11 months ago

Wells Fargo analysts are optimistic about the energy sector due to rising natural gas prices and increased demand. They recommend investing in two natural gas midstream stocks: The Williams Companies (WMB) and Kinder Morgan (KMI). Williams Companies, with its strong financial performance and reliable dividend payouts, is expected to see a 13% upside potential. Kinder Morgan, a large energy infrastructure company, is also forecasted to experience strong gains as headwinds diminish. Overall, analysts remain cautiously optimistic about the stocks in the energy sector, expecting moderate growth in the near future.

Source: YAHOO

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