Williams price target raised to $57 from $56 at CIBC

CIBC analyst Robert Catellier raised the firm’s price target on Williams (WMB) to $57 from $56 and keeps a Neutral rating on the shares. The Williams Companies disclosed an agreement with a large investment-grade company to provide onsite natural gas and power generation infrastructure. While full details regarding the deal are limited, the firm views the agreement as a minor step-out project for the company, but one that is manageable and increases its price target