Truist Securities Maintains Hold on ONEOK, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann has maintained a Hold rating on ONEOK (NYSE:OKE) and increased the price target from $68 to $71.
January 31, 2024 | 7:26 pm
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Truist Securities analyst Neal Dingmann maintains a Hold rating on ONEOK but raises the price target from $68 to $71.
The increase in price target by Truist Securities from $68 to $71 for ONEOK suggests a positive outlook on the company's value, but the Hold rating indicates that the analyst does not see significant short-term price movement. The adjustment in price target may be seen as a modest positive by the market, but since the rating remains a Hold, it is not a strong buy or sell signal. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100