Deutsche Bank Boosts Target on Williams Companies (WMB) to $34

Deutsche Bank raised its price target on Hold-rated Williams Companies (NYSE: WMB) from $30 to $34.

The firm comments, "WPZ's acquisition of Caiman Eastern Midstream, LLC, for $2.5 billion would enhance the commitment of Williams to the rapid growth in natural gas and natural gas liquids production in the Marcellus Shales. While the purchase price represents an extremely high multiple of 2012 EBITDA of $40 million for Caiman, rapid growth to $200 million in 2013 & $400 million in 2014 makes the multiples reasonable even when the expected incremental capital expenditures of $1.3 billion by 2014 are included."

For an analyst ratings summary and ratings history on Williams Companies click here. For more ratings news on Williams Companies click here.

Shares of Williams Companies closed at $30.81 yesterday.

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