South Bow Corp (SOBO) Receives a Sell from Morgan Stanley
Morgan Stanley analyst Robert Kad maintained a Sell rating on South Bow Corp today and set a price target of C$40.00.
Introducing TipRanks MCP for Agents
- Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools.
- Designed for personal research, portfolio monitoring, and AI-assisted investment workflows.
According to TipRanks, Kad is a 4-star analyst with an average return of 8.5% and a 58.20% success rate. Kad covers the Energy sector, focusing on stocks such as Targa Resources, Western Midstream Partners, and Hess Midstream Partners.
In addition to Morgan Stanley, South Bow Corp also received a Sell from Goldman Sachs’s John Mackay in a report issued on May 26. However, on June 9, Raymond James initiated coverage with 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$498 million and had a net profit of C$88 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SOBO in relation to earlier this year.
Read More on TSE:SOBO:
Disclaimer & DisclosureReport an Issue
- South Bow initiated with an Outperform at Raymond James
- South Bow secures 20-year binding commitments for firm transportation service
- Analyst Raises South Bow Corp. Price Target to $42 but Maintains Sell on Limited Upside and Structural Headwinds
- South Bow price target raised to C$57 from C$53 at Jefferies
- South Bow price target raised to $36 from $33 at CIBC
