Oneok downgraded to Hold from Buy at Truist

Truist downgraded Oneok to Hold from Buy with an unchanged price target of $68. The company has multiple growth opportunities post the Magellan acquisition though the potential upside will be longer term, the analyst tells investors in a research note. The firm cites valuation for the downgrade, saying the target price suggests minimal upside to the current $65 unit price, resulting in 5% upside.