J.P. Morgan Reaffirms Their Sell Rating on South Bow Corp (SOBO)
In a report released yesterday, Jeremy Tonet from J.P. Morgan maintained a Sell rating on South Bow Corp, with a price target of $32.00.
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According to TipRanks, Tonet is a 5-star analyst with an average return of 9.3% and a 60.64% success rate. Tonet covers the Energy sector, focusing on stocks such as Pembina Pipeline, Oneok, and Kinetik.
In addition to J.P. Morgan, South Bow Corp also received a Sell from Goldman Sachs’s John Mackay in a report issued on May 12. However, on May 11, Jefferies maintained a Buy rating on South Bow Corp (TSX: SOBO).
Based on South Bow Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$416.07 million and a net profit of C$75.74 million. In comparison, last year the company earned a revenue of C$716.55 million and had a net profit of C$88 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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- South Bow price target raised to C$49 from C$48 at RBC Capital
- 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
