Stifel raised the firm’s price target on Oneok (OKE) to $110 from $106 and keeps a Buy rating on the shares following “inline” fourth quarter results. While the firm noted that the natural gas liquids export market is currently dominated by few players, Oneok said it already controls a lot of NGL barrels. While 2025 growth capital is elevated, management currently expects some degree of moderation in 2026 and into 2027, Stifel tells investors. The firm added that the price target raise is based on 2026 estimates.
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