South Bow Co. (NYSE:SOBO – Get Free Report) has been assigned an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $25.00.
A number of analysts have recently weighed in on SOBO shares. Wells Fargo & Company lowered South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. CIBC raised South Bow from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $23.00 to $25.00 in a research note on Thursday, January 9th. TD Securities began coverage on shares of South Bow in a research note on Wednesday, January 15th. They set a “hold” rating for the company. Scotiabank raised shares of South Bow to a “hold” rating in a report on Friday, December 27th. Finally, US Capital Advisors raised South Bow to a “strong-buy” rating in a research note on Monday, October 28th.
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South Bow Price Performance
Institutional Investors Weigh In On South Bow
Large investors have recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new position in shares of South Bow during the fourth quarter worth $27,000. Roxbury Financial LLC acquired a new stake in South Bow during the 4th quarter worth $29,000. Assetmark Inc. bought a new position in South Bow during the fourth quarter worth about $33,000. Rhumbline Advisers acquired a new position in South Bow in the fourth quarter valued at about $34,000. Finally, Manitou Investment Management Ltd. bought a new stake in shares of South Bow in the fourth quarter worth about $40,000.
South Bow Company Profile
South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.
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