Goldman Sachs Calls ONEOK (OKE) Sell-Off Surprising

February 27, 2013 11:13 AM EST
Get Alerts OKE Hot Sheet
Price: $56.15 -0.72%

Rating Summary:
    2 Buy, 12 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 33 | New: 34
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Goldman Sachs maintained a Neutral rating on ONEOK Inc (NYSE: OKE) with a modified price target of $51.00 (from $53.00). Goldman trimmed its price target on ONEOK Partners (NYSE: OKS) to $59 from $63.

On Tuesday shares of ONEOK declined following the release of its Q4 earnings report. Commenting on the news, analyst Theodore Durbin said, "We were somewhat surprised at the sharp OKE/OKS sell-off given the negative trends since ONEOK’s September analyst day guidance are known."

Durbin prefers OKE within the ONEOK family.

For an analyst ratings summary and ratings history on ONEOK Inc (NYSE: OKE) click here. For more ratings news on ONEOK Inc click here.

Shares of ONEOK Inc closed at $44.34 yesterday.

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