JP Morgan Maintains Overweight on ONEOK, Raises Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeremy Tonet has maintained an Overweight rating on ONEOK (NYSE:OKE) and increased the price target from $88 to $89.
May 03, 2024 | 7:30 pm
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JP Morgan analyst Jeremy Tonet reaffirmed an Overweight rating on ONEOK and raised the price target to $89.
The increase in price target by a reputable analyst like Jeremy Tonet from JP Morgan suggests a positive outlook on ONEOK's stock, likely due to strong fundamentals or growth prospects. This endorsement could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100