ONEOK, Inc. (NYSE:OKE) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday.
A number of other analysts also recently issued reports on OKE. Morgan Stanley downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $48.00 to $50.00 in a report on Tuesday, October 4th. They noted that the move was a valuation call. Deutsche Bank AG upgraded shares of ONEOK from a “sell” rating to a “hold” rating and boosted their target price for the company from $49.00 to $52.00 in a research report on Monday, October 10th. Jefferies Group LLC restated a “hold” rating and issued a $46.00 target price on shares of ONEOK in a research report on Sunday, October 16th. Credit Suisse Group restated a “neutral” rating and issued a $54.00 target price (up from $49.00) on shares of ONEOK in a research report on Sunday, December 4th. Finally, Barclays PLC cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $49.00 to $58.00 in a research report on Tuesday, December 13th. Two research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $46.08.
Source: American Banking and Market News