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FINWIRES

Research Alert: CFRA Keeps Hold Opinion On Shares Of Oneok Inc.

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $96, raised $7, reflects a combination of relative valuation and DCF model analyses. On a relative basis, we apply a 10.5x multiple of enterprise value to projected '27 EBITDA, in line with OKE's historical forward average, which yields an $89 value. Meanwhile, our DCF model, using medium-term free cash flow growth of 3.5% and terminal growth of 2.0%, discounted at a WACC of 5.4%, yields a value of $103 per share. We lift our '26 EPS estimate by $0.09 to $5.78, but cut '27's by $0.06 to $6.08. OKE noted that its U.S. Gulf Coast Permian NGL volumes rose 31% in Q1, which we think is at least partly due to the disruption in the Middle East and overseas buyers looking for alternative sourcing. We estimate that the combination of growth capex and dividend outlays will chew up about 83% of operating cash flow in 2026, implying a modest degree of safety, but only slightly better than peers. Shares yield 4.6%.

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Aya Gold & Silver Lists Its Shares on the Nasdaq Exchange

Aya Gold & Silver's (AYA.TO, AYA) on Monday said its shares are now trading on Nasdaq under the ticker symbol "AYA".With the start of trading on Nasdaq, the company's shares are no longer traded on the OTCQX market.The company's shares will continue to trade on the Toronto Stock Exchange under the symbol "AYA", it added."Access to the U.S. capital markets through Nasdaq is an exciting milestone for Aya as we close a record year and advance our growth strategy, supported by our attractive precious metals portfolio," said chief executive Benoit La Salle. "This listing is expected to increase the visibility of our shares and expand our shareholder base as we continue executing on our development plans."The company's shares were last seen down $1.31 to $23.75 on the Toronto Stock Exchange.Price: $23.73, Change: $-1.33, Percent Change: -5.31%

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Research Alert: CFRA Maintains Buy Opinion On Shares Of Vici Properties Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our target by $1 to $34, based on a P/FFO of 11.8x our 2026 estimate, in line with VICI's three-year average multiple (11.8x). We increase our 2026 FFO forecast by $0.06 to $2.89 and 2027's by $0.03 to $2.96. VICI has maintained strong investment momentum in the past two quarters, announcing over $1B new capital commitments in consecutive quarters for the first time. The One Beverly Hills project loan, now totaling $1.5B, provides exposure to an ultra-high-end consumer market in the non-gaming space. Management has now hedged the majority of interest rate risk through 2027 as it works to de-risk the balance sheet. After a down year in Las Vegas in 2025, our expectations are for stronger travel this year. We also note there are now two significant long-term growth drivers, with the A's new stadium opening in Las Vegas in 2028 and the potential for an NBA expansion team in 2029-2030 looking more favorable, per NBA commissioner Adam Silver.

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