Analysts Set South Bow Co. (NYSE:SOBO) Target Price at $25.00

South Bow Co. (NYSE:SOBO) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $25.00.

A number of analysts have weighed in on SOBO shares. Morgan Stanley initiated coverage on South Bow in a research report on Friday, October 25th. They issued an “underweight” rating for the company. Wells Fargo & Company lowered South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. TD Securities started coverage on South Bow in a report on Wednesday, January 15th. They set a “hold” rating on the stock. Scotiabank upgraded shares of South Bow to a “hold” rating in a research note on Friday, December 27th. Finally, CIBC upgraded shares of South Bow from a “neutral” rating to an “outperform” rating and raised their target price for the company from $23.00 to $25.00 in a research note on Thursday, January 9th.

South Bow Price Performance

SOBO stock opened at $24.79 on Friday. South Bow has a 1 year low of $21.12 and a 1 year high of $27.30. The firm has a fifty day simple moving average of $24.05.

Hedge Funds Weigh In On South Bow

Several large investors have recently bought and sold shares of the stock. Cibc World Market Inc. acquired a new stake in shares of South Bow during the 4th quarter worth approximately $47,533,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in South Bow in the fourth quarter worth $17,720,000. Jennison Associates LLC acquired a new stake in South Bow during the fourth quarter worth $15,967,000. Mondrian Investment Partners LTD bought a new stake in South Bow in the 4th quarter valued at $15,444,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of South Bow in the 4th quarter valued at $12,643,000.

About South Bow

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.