Morgan Stanley Upgrades ONEOK Inc (OKE) to Overweight

July 25, 2013 12:47 PM EDT
Get Alerts OKE Hot Sheet
Price: $56.56 +0.44%

Rating Summary:
    2 Buy, 12 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
Trade OKE Now!
Join SI Premium – FREE
Morgan Stanley upgraded ONEOK Inc (NYSE: OKE) from Equalweight to Overweight with a price target of $64.00 (from $55.00). The stock swung higher in response to news it was planning to separate its natgas distribution business. Analyst Stephen Maresca sees more upside even after Thursday's spike.

In a bull case, the stock could be worth $72, and a bear case may result in a price of $55. The $64 base case is in-line with Morgan Stanley's new price target.

Maresca thinks ONEOK will pay a materially higher dividend with growth potential of 20% through 2015.

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 $42.83 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Hot Upgrades, Upgrades

Related Entities

Morgan Stanley, Dividend

Add Your Comment