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Non-Tech : Williams Companies, Inc. (WMB)
WMB 59.04+2.0%Nov 3 3:59 PM EST

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To: James Overko who wrote (182)3/5/2000 9:20:00 AM
From: James Overko  Read Replies (1) of 271
 
RESEARCH ALERT - Williams Cos price target raised
NEW YORK, March 3 (Reuters) Friday March 3, 1:25 pm Eastern Time
- Banc of America Securities LLC said Friday analyst Dan Tulis raised his price target for Williams Cos. Inc. (NYSE:WMB - news) to $65 from $51 to reflect the underlying value of its 86 percent interest in Williams Communications Group Inc. (NYSE:WCG - news).

-- Pointed out Williams Communications' share price performance has recently helped boost Williams Cos shares. Williams Communications, which traded as low as 38-5/8 a week ago, was trading at 53-1/2 late Friday morning, up 1-7/8 for the session on composite volume of 660,000 shares.

-- A Williams Communications price of $51.50 per share implies a $44.375 value in Williams Cos shares, which reached a high of $46.44 today, suggesting the company's energy assets are valued at a bit more than $3 per share.

-- In late Friday morning trading, Williams Cos shares were up 1-1/4 to 46-5/16 on composite volume of 1.1 million shares.
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