Market Overview

UPDATE: Credit Suisse Downgrades ONEOK Partners to Neutral Lower Distribution Guidance

Related OKS
ONEOK Partners Evenly Poised - Analyst Blog
Morning Market Losers

Credit Suisse downgraded ONEOK Partners (NYSE: OKS) from Outperform to Neutral and lowered the price target from $65.00 to $58.00.

Credit Suisse commented, "OneOk Partners (OKS) has over $4B of fee-based projects to be placed in service over the next three years. But OKS is a victim of weak NGL prices and collapsing Conway-Belvieu spreads, undercutting OKS prospects in 2013. Management has cut its distribution growth /unit by 850bp, to 2.8% in 2013. We are downgrading OKS units to Neutral (from Outperform)."

ONEOK Partners closed at $56.83 on Monday.

Latest Ratings for OKS

DateFirmActionFromTo
Sep 2014BMO CapitalInitiates Coverage onMarket Perform
Jul 2014CitigroupMaintainsBuy
May 2014BarclaysMaintainsEqual-weight

View More Analyst Ratings for OKS
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Downgrades Analyst Ratings

 

Related Articles (OKS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters