Stifel analyst Robert Hodges lowered the price target on ONEOK Inc (NYSE: OKE) to $100.00 (from $105.00) while maintaining a Hold rating.

The analyst commented, "OKE shares are up 23% YTD, outperforming the AMZ by 5%. We see shares trading at ~10.2x 2027E EBITDA, which represents a nearly 2x discount to its C-Corp peers and a ~0.3x premium to our coverage universe. Our model suggests a ~6.8% 2027E FCF yield, ~1% above our coverage universe and a ~2% improvement from 2026E. We model ~8.5% ROIC, ~2% below our coverage universe. Shares are currently trading ~5% dividend yield, above the C-Corp average of ~3.5%, and model DCF coverage to remain roughly flat at 2.4x in 2027E."