UPDATE: RBC Capital Downgrades ONEOK Inc (OKE) to Sector Perform

(updating comment)

RBC Capital analyst Elvira Scotto downgraded ONEOK Inc (NYSE: OKE) from Outperform to Sector Perform with a price target of $32.00 (from $43.00).

The analyst comments "We downgrade OKE to Sector Perform from Outperform, as we expect leverage to move higher and see potential downside to our estimates depending on the severity and duration of producer curtailments. OKE’s 1Q20 results missed expectations and OKE withdrew its 2020 guidance, though it provided a range of 2020E EBITDA based on its scenario analysis."

For an analyst ratings summary and ratings history on ONEOK Inc click here. For more ratings news on ONEOK Inc click here.

Shares of ONEOK Inc closed at $29.93 yesterday.

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