Wells Fargo Keeps Their Sell Rating on South Bow Corp (SOBO)
In a report released today, Praneeth Satish from Wells Fargo maintained a Sell rating on South Bow Corp, with a price target of C$35.00.
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According to TipRanks, Satish is a 4-star analyst with an average return of 8.0% and a 59.90% success rate. Satish covers the Energy sector, focusing on stocks such as Pembina Pipeline, Williams Co, and Enbridge.
Currently, the analyst consensus on South Bow Corp is a Hold with an average price target of C$44.58.
Based on South Bow Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$461 million and a net profit of C$93 million. In comparison, last year the company earned a revenue of C$538.83 million and had a net profit of C$82 million
Based on the recent corporate insider activity of 28 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.
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