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$48.00.
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Choy covers the Utilities sector, focusing on stocks such as Fortis, Brookfield Infrastructure, and TransAlta. According to TipRanks, Choy has an average return of 17.5% and an 80.95% success rate on recommended stocks.
In addition to RBC Capital, South Bow Corp also received a Buy from Jefferies’s Sam Burwell in a report issued on March 9. However, on March 10, 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 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 30 insiders, corporate insider sentiment is neutral on the stock.
Read More on TSE:SOBO:
Disclaimer & DisclosureReport an Issue
- South Bow Files 2025 Annual Disclosure as Pipeline Operator Updates Investors
- South Bow Corp Earnings Call Balances Strength and Strain
- South Bow price target raised to C$48 from C$41 at RBC Capital
- South Bow price target raised to $33 from $27 at Barclays
- South Bow price target raised to $33 from $28 at CIBC
