South Bow Corp (SOBO) Receives a Hold from Scotiabank
Scotiabank analyst Robert Hope maintained a Hold rating on South Bow Corp today and set a price target of $29.00.
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According to TipRanks, Hope is a 5-star analyst with an average return of 11.6% and a 67.56% success rate. Hope covers the Utilities sector, focusing on stocks such as TransAlta, Capital Power, and ATCO Ltd Cl I NV.
In addition to Scotiabank, South Bow Corp also received a Hold from Jefferies’s Sam Burwell in a report issued on November 18. However, yesterday, RBC Capital maintained a Buy 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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