TD Securities Initiates Coverage on South Bow (NYSE:SOBO)

Investment analysts at TD Securities began coverage on shares of South Bow (NYSE:SOBO) in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “hold” rating on the stock.

Other analysts have also issued research reports about the company. Jefferies Financial Group started coverage on South Bow in a report on Tuesday, October 8th. They issued a “hold” rating on the stock. Cibc World Mkts upgraded South Bow to a “hold” rating in a report on Friday, October 11th. Morgan Stanley initiated coverage on South Bow in a research note on Friday, October 25th. They set an “underweight” rating for the company. Scotiabank raised South Bow to a “hold” rating in a report on Friday, December 27th. Finally, Wells Fargo & Company cut shares of South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, South Bow currently has an average rating of “Hold” and a consensus price target of $25.00.

South Bow Price Performance

NYSE SOBO opened at $23.19 on Wednesday. The company has a fifty day moving average of $24.41. South Bow has a 1 year low of $21.12 and a 1 year high of $27.30.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SOBO. MassMutual Private Wealth & Trust FSB acquired a new position in South Bow in the 4th quarter valued at approximately $213,000. Nexus Investment Management ULC bought a new stake in shares of South Bow during the fourth quarter worth $2,810,000. Finally, Hennessy Advisors Inc. bought a new stake in South Bow during the 4th quarter worth about $276,000.

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.