OKE Maintained by JP Morgan -- Price Target Lowered to $100

gurufocus.com · 2026-10-06

On October 3, 2023, JP Morgan maintained a Neutral rating on ONEOK (OKE) while adjusting its price target from $106.00 to $100.00, reflecting a 5.66% decrease.

TickrTrends take: JP Morgan's maintained rating on OKE combined with a lowered price target to $100 suggests the analyst sees limited upside from current levels, which aligns with TickrTrends' assessment that the Energy sector midstream company is fairly valued. A valuation-focused reader should monitor whether the company's operational performance can justify holding this price level or whether further analyst downgrades might emerge if operational headwinds persist. The maintained rating indicates JP Morgan retains confidence in OKE's business fundamentals despite trimming the price target, making near-term catalysts and quarterly results particularly important for validating the fair value view.

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