South Bow (NYSE:SOBO) Price Target Raised to $26.00

South Bow (NYSE:SOBO - Free Report) had its price target raised by Scotiabank from $24.00 to $26.00 in a report published on Thursday, MarketBeat.com reports. They currently have a sector perform rating on the stock.

A number of other research analysts also recently commented on SOBO. Wells Fargo & Company downgraded South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. Morgan Stanley initiated coverage on South Bow in a research report on Friday, October 25th. They issued an "underweight" rating for the company. TD Securities began coverage on shares of South Bow in a research report on Wednesday, January 15th. They set a "hold" rating on the stock. US Capital Advisors upgraded South Bow to a "strong-buy" rating in a research report on Monday, October 28th. Finally, CIBC upgraded South Bow from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, South Bow currently has an average rating of "Hold" and an average target price of $25.50.

South Bow Trading Down 1.1 %

Shares of SOBO stock traded down $0.28 during trading hours on Thursday, hitting $24.84. The stock had a trading volume of 240,834 shares, compared to its average volume of 774,796. South Bow has a one year low of $21.12 and a one year high of $27.30. The business has a 50-day simple moving average of $24.03.

Institutional Trading of South Bow

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC bought a new position in shares of South Bow during the fourth quarter valued at approximately $461,249,000. Capital International Investors bought a new position in shares of South Bow in the 4th quarter worth $315,469,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of South Bow during the 4th quarter worth $290,786,000. Vanguard Group Inc. bought a new stake in South Bow during the fourth quarter valued at about $206,467,000. Finally, Bank of Montreal Can bought a new stake in South Bow during the fourth quarter valued at about $126,068,000.

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.