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Williams group upgraded to Buy at Citi ahead

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eFinanceMarkets   Friday, 04/07/17 04:40:25 PM
Re: eastunder post# 214
Post # of 226 
Williams group upgraded to Buy at Citi ahead of Geismar sale

Williams Cos. (WMB +0.3%) and Williams Partners (WPZ +0.4%) are upgraded to Buy from Neutral at Citigroup, which says shares are "too inexpensive to ignore" ahead of the expected sale of the Geismar ethane cracker.

The expected sale and the January restructuring plans place WMB/WPZ on a path toward investment grade metrics before year-end 2017, analyst Faisel Khan writes.

The firm raises its price target for WMB to $36 from $32 and for WPZ to $46 from $41.

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