Oneok price target raised to $89 from $88 at Seaport Research

Seaport Research analyst Sunil Sibal raised the firm’s price target on Oneok to $89 from $88 and keeps a Buy rating on the shares. The analyst expects increasing synergies and new projects in refined product markets along with the expansion of the West Texas liquid propane gas pipeline in the Permian to support Oneok’s cash flow growth. The firm cites higher estimates for the target increase.