RBC Capital lowered the firm’s price target on Oneok (OKE) to $88 from $94 and keeps a Sector Perform rating on the shares. The company continues to execute on its growth strategy and synergy capture, the analyst tells investors in a research note. Oneok should also benefit from its larger, more integrated asset base across hydrocarbons, the firm added. RBC adds however that it sees commodity prices as a headwind in 2026, lower its adjusted EBITDA estimate by $104M to $8.7B.
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