Jefferies analyst Sam Burwell upgraded South Bow (SOBO) to Buy from Hold with a price target of C$45, up from C$39. The firm left recent meetings with management more confident in the execution around South Bow’s growth plan. The shares are not pricing in the company’s accelerated growth and the over 7% dividend yield, the analyst tells investors in a research note. Jefferies says South Bow’s total return profile is a safe even if step-change in growth doesn’t materialize.
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Read More on SOBO:
- Optimistic Buy Rating for South Bow Corp: Promising Growth and Attractive Dividend Yield
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