tiprankstipranks
Oneok price target raised to $73 from $69 at Truist
The Fly

Oneok price target raised to $73 from $69 at Truist

Truist analyst Neal Dingmann raised the firm’s price target on Oneok to $73 from $69 and keeps a Buy rating on the shares. The analyst sees continued stable operations for the company despite the ongoing pressure on quarter-to-date prices of NGLs and other commodities. Dingmann further states that Oneok should experience more stable earnings/cash flow than many peers given its ramping fee businesses in all three segments, leading to potential for future higher distributions.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on OKE:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles