Goldman Sachs Upgrades ONEOK Inc (OKE) to Buy

Goldman Sachs upgraded ONEOK Inc (NYSE: OKE) from Neutral to Buy with a price target of $68.00.

Analyst Theodore Durbin said, "We believe OKE provides unique exposure to growing Bakken oil production and associated gathering/processing/takeaway infrastructure growth. We also like OKE’s “GP leverage” which should drive above-average double-digit FCF and dividend growth, and we see its upcoming December 3 analyst day as a potential positive catalyst for upside risk to its dividend growth guidance."

For an analyst ratings summary and ratings history on ONEOK Inc click here. For more ratings news on ONEOK Inc click here.

Shares of ONEOK Inc closed at $61.01 yesterday.

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