B of A Securities Upgrades ONEOK to Buy, Raises Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Chase Mulvehill upgraded ONEOK (NYSE:OKE) from Neutral to Buy and increased the price target from $72 to $83, indicating a positive outlook on the company's stock.
December 04, 2023 | 12:15 pm
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POSITIVE IMPACT
ONEOK's stock rating has been upgraded by B of A Securities from Neutral to Buy, with a raised price target from $72 to $83, suggesting a bullish stance on the stock's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or future prospects for the company. The increase in price target further reinforces the positive sentiment, indicating that the analyst sees more value in the stock than previously estimated.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100