Oneok price target lowered to $100 from $101 at Scotiabank

Scotiabank lowered the firm’s price target on Oneok (OKE) to $100 from $101 and keeps an Outperform rating on the shares. The firm is fine tuning its Q1 estimates for U.S. Midstream stocks, the analyst tells investors. Despite the macro backdrop, the firm believes the broader thematic topics remain intact and sees this quarterly print as lower impact to equity prices compared to the outlook for the next 18 months.