CIBC Upgrades South Bow (NYSE:SOBO) to “Outperform”

South Bow (NYSE:SOBO) was upgraded by analysts at CIBC from a “neutral” rating to an “outperform” rating in a report issued on Thursday,BayStreet.CA reports. The firm currently has a $25.00 target price on the stock, up from their previous target price of $23.00. CIBC’s target price indicates a potential upside of 4.87% from the company’s previous close.

Several other equities research analysts also recently commented on SOBO. Wells Fargo & Company downgraded shares of South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. Cibc World Mkts upgraded South Bow to a “hold” rating in a report on Friday, October 11th. US Capital Advisors raised shares of South Bow to a “strong-buy” rating in a research note on Monday, October 28th. Scotiabank raised shares of South Bow to a “hold” rating in a research report on Friday, December 27th. Finally, Jefferies Financial Group started coverage on South Bow in a report on Tuesday, October 8th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.00.

South Bow Trading Up 2.4 %

Shares of SOBO stock opened at $23.84 on Thursday. The business’s 50 day moving average is $24.44. South Bow has a 1 year low of $21.12 and a 1 year high of $27.30.

South Bow Company Profile

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.