May 9, 2016

Barclays Upgraded ONEOK, Inc. (OKE)


ONEOK, Inc. (NYSE:OKE) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, StockTargetPrices.com reports. The brokerage currently has a $49.00 price target on the stock, up from their previous price target of $27.00. Barclays’ price objective would suggest a potential upside of 23.21% from the stock’s current price.
ONEOK (NYSE:OKE) opened at 39.77 on Monday. ONEOK has a one year low of $18.84 and a one year high of $47.29. The firm has a market cap of $8.35 billion and a PE ratio of 34.25. The company has a 50 day moving average of $32.45 and a 200-day moving average of $27.57.