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Goldman Sachs Upgrades Williams Companies (WMB) to Buy
Goldman Sachs has upgraded The Williams Companies (WMB) to ‘Buy’ from ‘Neutral’ with an $82 price target, citing its strategically positioned Transcontinental Gas Pipeline. Analyst firms Jefferies and RBC Capital also maintained ‘Buy’ and ‘Outperform’ ratings, respectively, raising their price targets to $83 and $82. These upgrades are based on expectations of accelerated natural gas transmission project announcements and Williams’ strong position to benefit from rising natural gas demand.