Oneok price target lowered to $102 from $107 at Wells Fargo

Wells Fargo analyst Michael Blum lowered the firm’s price target on Oneok (OKE) to $102 from $107 to reflect a lower EBITDA forecast, while keeping an Equal Weight rating on the shares. The firm says Q4 was a mix of positives and negatives. Wells remains on the sidelines primarily due to valuation.