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Oneok price target lowered to $93 from $102 at Wells Fargo

Wells Fargo lowered the firm’s price target on Oneok (OKE) to $93 from $102 and keeps an Equal Weight rating on the shares. The firm notes Q1 missed consensus but was in line with management’s internal forecast. Accordingly, Oneok reaffirmed 2025 guidance. Given the challenging commodity and economic backdrop, Wells is lowering its estimates.

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