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Oneok's (OKE) target price is cut to $52 from $55 by UBS following the decision by Oneok...

Oneok's (OKE) target price is cut to $52 from $55 by UBS following the decision by Oneok Partners (OKS) not to proceed with plans to construct the Bakken Crude Express pipeline. UBS notes OKE's organic growth backlog remains robust with ~$4.5B of projects underway, and the firm continues to expect strong dividend growth in 2013.
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