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Fly News Breaks for July 6, 2018
OKE
Jul 6, 2018 | 08:21 EDT
RBC Capital analyst Elvira Scotto raised her price target on Oneok to $79 and kept her Outperform rating, saying it is one of the few "Midstreamers" able to capitalize on the Mont Belvieu-Conway location differentials in a strengthening price environment. Scotto anticipates Oneok to post better than expected Q2 results, adding that it should be a core holding for investors based on its potential for operational leverage and its integrated asset base expansion driving "significant NGL takeaway/fractionation opportunities in Bakken / Mid-con.
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