JPMorgan Upgrades ONEOK Inc (OKE) to Overweight

January 8, 2019 3:44 AM EST
Get Alerts OKE Hot Sheet
Price: $50.82 -1.19%

Rating Summary:
    9 Buy, 17 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 25 | New: 11
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JPMorgan analyst Jeremy Tonet upgraded ONEOK Inc (NYSE: OKE) from Neutral to Overweight with a price target of $74.00 (from $75.00).

The analyst expects the company to benefit from increasing domestic NGL logistics need which he believes will remain "quite healthy" in light of lower commodity prices.

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 $57.64 yesterday.

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