South Bow (NYSE:SOBO) Stock Rating Lowered by Wells Fargo & Company

South Bow (NYSE:SOBO) was downgraded by investment analysts at Wells Fargo & Company from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the company. Cibc World Mkts upgraded South Bow to a “hold” rating in a report on Friday, October 11th. Tudor Pickering upgraded shares of South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. US Capital Advisors upgraded South Bow to a “strong-buy” rating in a report on Monday, October 28th. Morgan Stanley began coverage on South Bow in a research report on Friday, October 25th. They issued an “underweight” rating for the company. Finally, Jefferies Financial Group started coverage on South Bow in a report on Tuesday, October 8th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

South Bow Stock Up 2.7 %

Shares of SOBO stock opened at $23.42 on Wednesday. South Bow has a 12-month low of $21.12 and a 12-month high of $27.30. The stock’s fifty day moving average is $24.65.

South Bow Company Profile

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.