UPDATE 1-Goldman Sachs adds Williams Co to conviction list

* Gives a price target of $28

* Expects steady improvement in commodity prices

June 18 (BestGrowthStock) – Goldman Sachs added Williams Companies
Inc (WMB.N: ) to its conviction buy list, saying it expects lower
risks and steady cash flow from exploration and production
(E&P) assets of the natural gas producer and pipeline company.

“An investment in WMB provides a superior growth & income
vehicle for today’s uncertain market, as WMB’s higher-beta E&P
assets are tempered by the lower-risk at its MLP (Williams
Partners (WPZ.N: )),” analysts at Goldman Sachs wrote in a note.

The brokerage gave a price target of $28 on the stock.

“We expect steadily improving commodity prices, stronger
natural gas liquids and E&P volumes, positive EPS revisions,
and valuation mean reversion will drive shares of WMB higher
over the next 12 months,” the analysts said.

Shares of the company were trading up 2.5 percent before
the bell. They closed at $21.07 Thursday on the New York Stock
Exchange.

Stock Basics

(Reporting by Vinay Sarawagi in Bangalore; Editing by Vyas
Mohan)

UPDATE 1-Goldman Sachs adds Williams Co to conviction list