OKE Crosses Above Average Analyst Target
March 16, 2017 at 09:11 AM EDT
In recent trading, shares of ONEOK Inc (OKE) have crossed above the average analyst 12-month target price of $53.28, changing hands for $53.64/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..