OKE - ONEOK Standing Tall Among Large Peers Analyst Upgrades Stock | Benzinga
Scotiabank analyst Tristan J. Richardson upgraded ONEOK Inc (NYSE: OKE) to Sector Outperform from Sector Perform at an increased price target of $78 from $74.
The analyst is bullish on the completion of the Magellan Midstream Partners, L.P. acquisition last month.
Recently, ONEOK penned a merger deal with Magellan Midstream Partners for $18.8 billion, including assumed debt.
Magellan unitholders received $25 in cash and 0.6670 shares of ONEOK common ...