Reported about 13 hours ago
Jim Cramer has endorsed ONEOK, Inc. after the company's successful completion of a $3 billion public offering aimed at settling its commercial paper obligations and senior notes. While Bank of America reduced the stock's target price but maintained a Buy rating, Cramer remains optimistic about the stock's performance, highlighting the strong leadership of CFO Walter Hulse and CEO Pierce Norton. Despite a slight decline in the stock's value, institutional interest appears robust, with 44 hedge funds holding stakes in ONEOK.
Source: YAHOO