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Oneok price target raised to $84 from $79 at RBC Capital

RBC Capital raised the firm’s price target on Oneok (OKE) to $84 from $79 and keeps a Sector Perform rating on the shares. The firm assigns a slightly higher multiple in its valuation and believes that, depending on the duration of the Iran conflict and durability of crude oil prices, upside potential to estimates exists, the analyst tells investors in a research note.

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