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Oneok price target lowered to $94 from $100 at RBC Capital

RBC Capital lowered the firm’s price target on Oneok (OKE) to $94 from $100 and keeps a Sector Perform rating on the shares ahead of its Q2 results next week. The firm expects comments around guidance, synergies, growth projects, producer activity across its basins, capital allocation and potential for additional M&A, the analyst tells investors in a research note.

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