Wells Fargo raised the firm’s price target on Oneok to $85 from $81 and keeps an Overweight rating on the shares. The firm notes Q1 missed due to weather, but Oneok raised its 2024 EBITDA guidance on improving fundamentals and visibility to synergies. Wells still sees upside to 2025 consensus estimates.
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Read More on OKE:
- Oneok Inc Enhances Yearly Financial Outlook After Strong Quarter
- ONEOK Announces First Quarter 2024 Earnings; Increases 2024 Financial Guidance
- Oneok reports Q1 EPS $1.09, consensus $1.15
- OKE Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Oneok Inc Announces Steady Dividend Payout for Shareholders
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