Scotiabank Sticks to Its Hold Rating for South Bow Corp (SOBO)
Scotiabank analyst Robert Hope maintained a Hold rating on South Bow Corp today and set a price target of $34.00.
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According to TipRanks, Hope is a 5-star analyst with an average return of 12.4% and a 69.94% success rate. Hope covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Fortis, and Brookfield Renewable Partners.
In addition to Scotiabank, South Bow Corp also received a Hold from Barclays’s Theresa Chen in a report issued on April 13. However, yesterday, Goldman Sachs initiated coverage with a Sell rating on South Bow Corp (TSX: SOBO).
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 24 insiders, corporate insider sentiment is neutral on the stock.
Read More on TSE:SOBO:
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- Overvalued Growth Optionality and Constrained Capital Limit Near‑Term Returns: Maintaining Sell on South Bow
- South Bow initiated with a Sell at Goldman Sachs
- South Bow Sets Dates for Q1 2026 Results and Virtual AGM
- South Bow price target raised to C$39 from C$35 at Morgan Stanley
- South Bow price target raised to C$42 from C$40 at TD Securities
