Information Provided By:
Fly News Breaks for June 14, 2017
OKS, OKE
Jun 14, 2017 | 05:35 EDT
UBS analyst Shneur Gershuni upgraded Oneok (OKE) to Buy and raised his price target for the shares to $59 from $56. The merger with Oneok Partners (OKS) will create an attractive 6% yield growing at around 10%, the analyst tells investors in a research note. He also sees upside potential in the "high return" Bakken region.