Reported about 24 hours ago
Goldman Sachs has given ONEOK Inc. (OKE) a ‘Neutral’ rating with a $75 price target, citing the company's expansion through strategic acquisitions that have increased its footprint in the Permian oil region and refined product pipelines. While the investment bank sees these moves enhancing ONEOK's growth prospects and stabilizing earnings, it also notes that its current valuation may shift from a premium to a modest discount relative to peers. Additionally, Goldman Sachs hints that the recent decline in the stock price may soon stabilize.
Source: YAHOO