ONEOK Inc (OKE) PT Lowered to $88 at RBC Capital

RBC Capital analyst Elvira Scotto lowered the price target on ONEOK Inc (NYSE: OKE) to $88.00 (from $94.00) while maintaining a Sector Perform rating.

The analyst commented: "Solid Execution on Growth Strategy; Commodities a Slight Headwind to 2026; We update our estimates following OKE's recent 2Q25 earnings release. OKE continues to execute on its growth strategy and synergy capture and should benefit from its larger, more integrated asset base across hydrocarbons. While we increase our 2025 Adjusted EBITDA estimate, we see commodity prices as a headwind in 2026 and lower our Adjusted EBITDA estimate, which drives our price target to $88."

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