Williams Companies, Inc. Added To Credit Suisse 'Focus List'
Credit Suisse on Tuesday issued a note in which it added Williams Companies (NYSE: WMB) to its U.S. Focus List, as the firm sees the stock as one of its top investment ideas.
The analysts at Credit Suisse wrote, "Despite the recent move in the stock over the past few weeks, we believe there is significant further re-rating to come from Williams Companies."
The team added that their $69 price target represents a "comfortable" potential upside of 20 percent based on a yield of approximately 3.5 percent. Furthermore, based on pure-play GP comps and the company's growth profile, the team says this yield could possibly settle closer to three percent, which would drive the price closer to $80.
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