Barclays Maintains Equal-Weight on ONEOK, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Theresa Chen maintains an Equal-Weight rating on ONEOK (NYSE:OKE) and raises the price target from $73 to $80.
March 07, 2024 | 12:14 pm
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POSITIVE IMPACT
Barclays maintains an Equal-Weight rating on ONEOK and raises the price target from $73 to $80.
The increase in price target by Barclays, from $73 to $80, indicates a positive outlook on ONEOK's stock by the analyst. This adjustment suggests an expectation of upward movement in the stock's price, likely due to favorable analysis of the company's performance or market position. As the rating remains Equal-Weight, the recommendation suggests that the stock is expected to perform in line with the market or sector, but the raised target price signals potential for growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100