RBC Capital Cuts ONEOK, Inc. (OKE)'s Price Target to $88, Maintains Sector Perform Rating

ONEOK, Inc. (NYSE:OKE) is among the 13 Best S&P 500 Stocks to Buy According to Wall Street Analysts, based on its share price upside potential. However, on August 13, RBC Capital lowered the stock’s price target to $88 from $94 while maintaining a Sector Perform rating for its shares.

The firm’s analyst, Elvira Scotto, cited potential headwinds concerning commodity prices in 2026 as the reason behind the reduction. However, RBC also highlighted the company’s effective execution of its growth strategy and capturing synergy, and that it should benefit from its larger, integrated asset base across hydrocarbons.

In other related news, ONEOK, Inc. (NYSE:OKE) reported higher earnings for the second quarter of fiscal 2025 and reaffirmed its financial guidance for the full year. The company credited the results to a contiguous integrated business model, robust demand for its energy services, and the tangible results being derived from the recent strategic acquisition.

ONEOK, Inc. (NYSE:OKE) is a leading midstream operator that provides gathering, processing, transportation, fractionation, storage, and marine export services.

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