Williams price target raised to $82 from $78 at RBC Capital

RBC Capital raised the firm’s price target on Williams (WMB) to $82 from $78 and keeps an Outperform rating on the shares after holding a catch-up call with its management. Williams is strongly positioned to benefit from growing natural gas and power demand, the analyst tells investors in a research note. The company has little direct commodity price exposure, and the firm believes that structurally higher commodity prices can provide near-term tailwinds and longer term demand for infrastructure, RBC added.