Oneok price target lowered to $100 from $110 at Raymond James

Raymond James analyst J.R. Weston lowered the firm’s price target on Oneok (OKE) to $100 from $110 and keeps an Outperform rating on the shares. Oneok is still a “polarizing” name on the long-term refined products trajectory, and while macro volatility persists, Raymond James expects NGL integration and deal synergies to drive solid results, the analyst tells investors in a research note.