Jefferies Sticks to Its Hold Rating for South Bow Corp (SOBO)
In a report released yesterday, Sam Burwell from Jefferies maintained a Hold rating on South Bow Corp, with a price target of C$39.00. The company’s shares closed yesterday at C$38.98.
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Burwell covers the Energy sector, focusing on stocks such as Pembina Pipeline, ARC Resources, and Enbridge. According to TipRanks, Burwell has an average return of 14.6% and a 64.43% success rate on recommended stocks.
In addition to Jefferies, South Bow Corp also received a Hold from CIBC’s Robert Catellier in a report issued on November 17. However, yesterday, Wells Fargo maintained a Sell rating on South Bow Corp (TSX: SOBO).
Based on South Bow Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$524 million and a net profit of C$96 million. In comparison, last year the company earned a revenue of C$554.25 million and had a net profit of C$107.27 million
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