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ONEOK and AmeriGas Partners: Target Price Revisions Last Week

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Analysts’ recommendations

On March 1, Stifel raised its target price for ONEOK (OKE) from $58 to $69. On February 27, Mizuho raised its target price for the stock from $70 to $73. Among the 21 analysts surveyed by Reuters covering ONEOK, eight recommended a “strong buy,” five recommended a “buy,” and eight recommended a “hold.” The mean target price for ONEOK is $70.6, which implies an upside potential of ~8% from its current price.

The above graph shows how analysts’ recommendations for ONEOK have changed over 12 months. More analysts rate the stock as a “buy” or “strong buy” than six months ago.

For Kinder Morgan (KMI), 90% of the analysts recommended a “buy” or “strong buy.” Similarly, 90% of the analysts covering Williams Companies (WMB) recommended a “buy” or “strong buy.”

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UBS upgraded AmeriGas Partners

On February 25, UBS raised its rating for AmeriGas Partners (APU) from “sell” to “neutral.” UBS raised its target price for AmeriGas Partners from $23 to $31. Among the seven analysts covering AmeriGas Partners, two recommended a “strong buy,” three recommended a “hold,” and two recommended a “sell.” The mean target price for the stock is $34.2.

Enbridge’s (ENB) Line 3 Replacement project is expected to be delayed due to pending regulatory approvals. To learn more, read Enbridge’s Line 3 Replacement Project Gets Delayed.

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