ONEOK Inc (OKE) PT Raised to $93 at TD Cowen

TD Cowen analyst Jason Gabelman raised the price target on ONEOK Inc (NYSE: OKE) to $93.00 (from $90.00) while maintaining a Hold rating.

The analyst comments "Investor attention has shifted to add'l acquisitions after OKE overfunded Brazos deal. We see limited Permian G&P targets after a busy M&A period for industry. We assess potential for OKE to acquire KNTK or smaller privates; a KNTK tie-up could be accretive at current price, though takeout price may be higher given limited targets. Dynamic could create overhang until OKE announces another deal."

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