With a 5-year average revenue growth rate of 32.7%, ONEOK, Inc. (NYSE:OKE) is included among the 11 Best Long Term US Stocks to Buy Right Now.
On May 6, Freedom Broker downgraded ONEOK, Inc. (NYSE:OKE) to Hold from Buy
It raised the price target on the stock to $102 from $100. The firm described the company’s Q1 report as mixed and said the downgrade was tied to valuation concerns. On May 4, Truist analyst Gabe Daoud raised the firm’s price recommendation on OKE to $93 from $91.
The analyst reiterated a Hold rating on the stock. The update came as part of a broader research note covering midstream energy companies after Q1 earnings. The analyst said the quarter benefited from spread optimization, which helped drive stronger financial results and guidance increases.