JP Morgan downgraded ONEOK Inc. (OKE) to “Neutral” with a target price of $84, citing weak macroeconomic fundamentals. Despite this, analysts are generally positive on the stock. The company recently raised its quarterly dividend by 4%. ONEOK is a natural gas player based in Tulsa, Oklahoma, with a dividend yield of 4.81%.
Read more at Yahoo Finance: JP Morgan Thinks Soft Macroeconomic Conditions Could Affect Natural Gas Player ONEOK (OKE)
