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Fly News Breaks for February 2, 2017
OKS, OKE
Feb 2, 2017 | 07:06 EDT
As previously reported, Credit Suisse analyst John Edward upgraded ONEOK (OKE) to Outperform from Neutral after the company announced that it will acquire the outstanding ONEOK Partners (OKS) units not already owned by ONEOK. The analyst says the transaction helps ONEOK shield the income tax burden over the next 5 years, improve the balance sheet metrics, and also lower the cost of capital, which is important for growth. He raised his price target on ONEOK's shares to $63 from $54.
News For OKE;OKS From the Last 2 Days
