Credit Suisse Cuts Oneok To Hold After Guidance Reduction

Earlier this week, Oneok Partners (OKS) lowered its 2015 guidance during its fourth-quarter earnings report. Credit Suisse’s John Edwards and team downgraded the stock from Outperform to Neutral on the reduced guidance, noting that while the move was likely necessary, they see slowing growth on lower capital expenditures. Highlights from note: OKS’ lowering guidance appears realistic [...]