ONEOK cut at Morgan Stanley on growth concerns, preferring Targa Resources (OKE:NYSE)

Morgan Stanley downgraded ONEOK (OKE) to Equal Weight from Overweight, lowering its price target due to concerns about the lack of investor conviction in the company's multiyear EBITDA growth. Despite seeing value in ONEOK, the firm is now preferring Targa Resources (TRGP). This indicates a shift in analyst preference within the energy sector.