RBC Capital Keeps Their Buy Rating on South Bow Corp (SOBO)
In a report released yesterday, Maurice Choy from RBC Capital maintained a Buy rating on South Bow Corp, with a price target of C$41.00. The company’s shares closed yesterday at C$39.38.
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According to TipRanks, Choy is a 5-star analyst with an average return of 12.0% and a 71.20% success rate. Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Fortis, and TransAlta.
The word on The Street in general, suggests a Hold analyst consensus rating for South Bow Corp with a C$38.83 average price target.
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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