CIBC Sticks to Their Hold Rating for South Bow Corp (SOBO)
CIBC analyst Robert Catellier reiterated a Hold rating on South Bow Corp yesterday and set a price target of $33.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Catellier covers the Energy sector, focusing on stocks such as Pembina Pipeline, TC Energy, and Enbridge. According to TipRanks, Catellier has an average return of 9.8% and a 67.40% success rate on recommended stocks.
In addition to CIBC, South Bow Corp also received a Hold from BMO Capital’s Benjamin Pham in a report issued yesterday. However, on May 7, Jefferies maintained a Buy 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:
Disclaimer & DisclosureReport an Issue
- South Bow price target raised to C$47 from C$44 at TD Securities
- South Bow price target raised to $36 from $34 at Scotiabank
- South Bow price target raised to C$49 from C$45 at BMO Capital
- Lloyd Byrne Reiterates Buy on South Bow Corp as Strong Pipeline Performance and Stable EBITDA Support Medium‑Term Cash Flow Visibility
- South Bow price target raised to C$44 from C$43 at TD Securities
