UPDATE: Goldman Sachs Reiterates Buy Rating, Raises PT for Williams Companies
In a company update released earlier today, the Goldman Sachs Group, Inc. reiterated its Buy rating for the Williams Companies, Inc. (NYSE: WMB) and raised its price target by $3.00 to $38.00.
Goldman Sachs said in its report “For WMB, its chemical operation provides a natural hedge against lower ethane prices, helping to drive strong ethylene margins. Also, WMB's perch at the General Partner level ensures additional cash flows as WPZ could potentially look to issue equity to finance its large slate of growth projects and acquisitions.”
The Williams Companies, Inc. closed at $33.89 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tags: Goldman Sachs Group Inc.