Williams price target raised to $52 from $51 at Scotiabank

Scotiabank raised the firm’s price target on Williams (WMB) to $52 from $51 and keeps a Sector Perform rating on the shares. The firm continues to see the ongoing volatility in equities as a disconnect between estimated intrinsic value and current trading price of the underlying cash flows, especially for names with significant exposure to the Permian, the analyst tells investors.