As previously reported, CIBC downgraded South Bow (SOBO) to Neutral from Outperformer with an unchanged price target of $25. The shares previously reached the firm’s price target which combined with “weak 2025 guidance” drives the downgrade. The firm believes the weak marketing guidance for 2025 is due both to market conditions and management’s intention to reduce exposure in a volatile period, the analyst tells investors.
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Read More on SOBO:
- South Bow price target raised to $27 from $26 at Scotiabank
- South Bow downgraded to Neutral from Outperformer at CIBC
- South Bow downgraded to Peer Perform from Outperform at Wolfe Research
- South Bow Corp: Hold Rating Amid Strong Q4/24 Results and Uncertain 2025 Guidance
- South Bow Corp Reports Strong 2024 Results and Positive 2025 Outlook