Wells Fargo Maintains Overweight on ONEOK, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum has maintained an Overweight rating on ONEOK (NYSE:OKE) and increased the price target from $81 to $85, indicating a positive outlook on the company's stock.
May 02, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wells Fargo analyst Michael Blum maintains an Overweight rating on ONEOK and raises the price target from $81 to $85, signaling confidence in the company's future performance.
The increase in price target by a reputable analyst like Michael Blum suggests a strong belief in ONEOK's potential for growth or continued strong performance. This endorsement is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price, as market participants may adjust their positions based on this new target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100