Oneok upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research analyst Keith Stanley upgraded Oneok (OKE) to Outperform from Peer Perform with a $110 price target The company’s export joint venture with MPLX creates strategic value and adds to a proposition of competitive growth “coupled with rapidly increasing capital return,” the analyst tells investors in a research note. The firm says Oneok’s Bakken fears are now well known, creating an attractive entry point into the shares.