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South Bow Corp (SOBO) Gets a Hold from CIBC

Tipranks - Tipranks - Wed May 27, 10:04AM CDT

In a report released today, Robert Catellier from CIBC maintained a Hold rating on South Bow Corp, with a price target of $36.00.

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Catellier covers the Energy sector, focusing on stocks such as Pembina Pipeline, Keyera Corp., and Enbridge. According to TipRanks, Catellier has an average return of 10.6% and a 68.85% success rate on recommended stocks.

In addition to CIBC, South Bow Corp also received a Hold from Barclays’s Theresa Chen in a report issued on May 21. However, on May 18, J.P. Morgan maintained a Sell rating on South Bow Corp (TSX: SOBO).

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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 21 insiders, corporate insider sentiment is neutral on the stock.

Read More on TSE:SOBO:

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