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Non-Tech : Williams Companies, Inc. (WMB)
WMB 57.88+0.5%Oct 31 3:59 PM EST

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To: Clay Enos who started this subject8/30/2000 6:10:22 PM
From: samoyed   of 271
 
RESEARCH ALERT - Williams Cos. cut to accumulate

August 30, 2000 11:24 AM
NEW YORK, Aug 30 (Reuters) - Prudential Securities said Wednesday that it cut its rating on U.S. energy and communications company Williams Cos. Inc WMB to "accumulate" from "strong buy."

-- In a research note, set price target at $53.

-- Said its downgrade was based on valuation, but added that fundamentals are still intact.

-- Said is still anticipates the spinoff of Williams Communications WCG in the first quarter of 2001.

-- Shares of Williams were down $1-1/4 at $45-9/16 on the New York Stock Exchange.
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