Oneok price target lowered to $93 from $96 at Scotiabank

Scotiabank analyst Brandon Bingham lowered the firm’s price target on Oneok (OKE) to $93 from $96 and keeps an Outperform rating on the shares. The firm is rolling forward its target valuation year to 2027 and introducing its estimates for 2028 for stocks in the U.S. Midstream sector, the analyst tells investors. Scotiabank still expects units to remain range bound with limited catalysts on the horizon.