Oneok reinstated with an Equal Weight at Barclays

Barclays reinstated coverage of Oneok (OKE) with an Equal Weight rating and $105 price target The firm thinks the company’s ability to execute and extract synergies will be a key determinant of stock performance from here as Oneok works to integrate its recently acquired assets and build out its Permian NGL wellhead-to-water strategy, the analyst tells investors.