ONEOK (OKE +22.4%) is soaring in reaction to plans to spin off its natural gas distribution...
ONEOK (OKE +22.4%) is soaring in reaction to plans to spin off its natural gas distribution business into a stand-alone publicly traded company. Morgan Stanley sees still more upside ahead, upgrading shares to Overweight with a $64 price target; it believes OKE will pay a materially higher dividend with growth potential of 20% through 2015.
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