Williams price target raised to $59 from $58 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Williams (WMB) to $59 from $58 and keeps a Neutral rating on the shares. The company’s Q1 results were slightly better than expected, as slightly softer EBITDA at Transmission & Gulf of America segment was more than offset by slight beats on the gathering, E&P, and marketing footprints, the analyst tells investors in a research note. Goldman adds that it is acknowledging the constructive execution on the traditional gas pipeline side but also continues to see estimates largely baked in the price.