Oneok upgraded to Overweight from Equal Weight at Wells Fargo

Wells Fargo upgraded Oneok (OKE) to Overweight from Equal Weight with a price target of $100, up from $81. The firm says the Iran war will create a “structural shift” in global energy markets, including midstream. The war will boost demand for U.S. energy, the analyst tells investors in a research note. Wells expects Permain gas and natural gas liquids supply to accelerate in order to meet this growing demand. As a result, it upgraded three names in midstream energy.