Goldman Sachs Comments on ONEOK

Goldman Sachs has published a report on ONEOK (NYSE: OKE) changing the estimates and rating the energy company a favored Neutral.

In the report, Goldman Sachs wrote, "Our longer-term view continues to be positive, as its largely NGL-themed projects focus on rising demand for Bakken, Rocky Mountain, and Midcon infrastructure, which in turn will support 10%-12% EBITDA growth at OKS over the next five years."

Goldman Sachs rated ONEOK a favored NEUTRAL with no price target given. ONEOK closed Wednesday at $69.15.