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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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