tiprankstipranks

South Bow downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research downgraded South Bow (SOBO) to Peer Perform from Outperform without a price target The firm cites the stock’s 8% outperformance versus peers since the spin and “surprising” 6% cut to its 2025 EBITDA guidance for the downgrade. The guidance cut “hurts an investment thesis predicated on defensive stability,” the analyst tells investors in a research note. Wolfe views tariffs and South Bow’s “damaged credibility” as near-term overhangs on the stock.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue