Scotiabank raised the firm’s price target on South Bow (SOBO) to $27 from $26 and keeps a Sector Perform rating on the shares. The company reported a strong inaugural quarter, but its 2025 EBITDA outlook was below consensus, the analyst tells investors. The firm moves down its estimates given a softer marketing and spot volume outlook.
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Read More on SOBO:
- 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
- South Bow price target raised to $26 from $24 at Scotiabank