South Bow Corp (SOBO) Receives a Sell from J.P. Morgan
J.P. Morgan analyst Jeremy Tonet maintained a Sell rating on South Bow Corp yesterday and set a price target of $30.00. The company’s shares closed yesterday at C$47.20.
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According to TipRanks, Tonet is a 5-star analyst with an average return of 8.9% and a 60.93% success rate. Tonet covers the Energy sector, focusing on stocks such as Pembina Pipeline, Oneok, and Enbridge.
In addition to J.P. Morgan, South Bow Corp also received a Sell from Wells Fargo’s Praneeth Satish in a report issued on March 10. However, on March 21, TipRanks – xAI upgraded South Bow Corp (TSX: SOBO) to a Buy.
Based on South Bow Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$419.35 million and a net profit of C$158.4 million. In comparison, last year the company earned a revenue of C$476.87 million and had a net profit of C$54.73 million
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock.
Read More on TSE:SOBO:
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- South Bow price target raised to C$42 from C$40 at TD Securities
- South Bow Files 2025 Annual Disclosure as Pipeline Operator Updates Investors
- South Bow Corp Earnings Call Balances Strength and Strain
- South Bow price target raised to C$48 from C$41 at RBC Capital
- South Bow price target raised to $33 from $27 at Barclays
