Morgan Stanley Upgrades ONEOK to Overweight, Raises Price Target to $111
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded ONEOK (NYSE:OKE) from Equal-Weight to Overweight, with a new price target of $111, up from $103.
September 16, 2024 | 11:23 am
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Morgan Stanley has upgraded ONEOK to Overweight and increased its price target to $111, indicating a positive outlook for the stock.
The upgrade from Equal-Weight to Overweight by a major financial institution like Morgan Stanley suggests increased confidence in ONEOK's performance. The raised price target from $103 to $111 indicates expectations of stock price appreciation, likely leading to positive investor sentiment and potential short-term price increase.
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IMPORTANCE 80
RELEVANCE 100