BofA Remains Bullish on ONEOK (OKE) – Here’s Why

ONEOK, Inc. (NYSE:OKE) besides received a standing update from Truist connected May 4, with the steadfast raising the terms people connected the banal to $93 from $91 and reiterating a Hold standing connected the shares. The standing update came arsenic portion of a broader probe enactment connected midstream vigor names pursuing Q1 results, with the steadfast telling investors successful a probe enactment that the 4th was characterized by dispersed optimization, driving upside financials and guidance raises. However, it added that upside connected a go-forward ground remains little wide fixed hedges successful place, commodity terms volatility, and an expected narrowing of Waha/Katy/HSC spreads connected the heels of 4.6Bcf/d of Permian egress expected to participate service.

ONEOK, Inc. (NYSE:OKE) gathers, fractionates, processes, transports, stores, and markets earthy gas. The company's operations are divided into the pursuing segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

While we admit the imaginable of OKE arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 15 Stocks That Will Make You Rich successful 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey connected Google News.