South Bow (NYSE:SOBO) Price Target Raised to $26.00

South Bow (NYSE:SOBO) had its target price boosted by equities researchers at Scotiabank from $24.00 to $26.00 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 3.54% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. US Capital Advisors upgraded South Bow to a “strong-buy” rating in a report on Monday, October 28th. Wells Fargo & Company lowered shares of South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. CIBC raised shares of South Bow from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $23.00 to $25.00 in a research note on Thursday, January 9th. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, TD Securities started coverage on South Bow in a research report on Wednesday, January 15th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, South Bow has an average rating of “Hold” and a consensus target price of $25.50.

South Bow Trading Up 0.6 %

Shares of SOBO stock traded up $0.14 during mid-day trading on Thursday, reaching $25.11. The stock had a trading volume of 127,220 shares, compared to its average volume of 702,955. The company has a 50-day moving average price of $24.04. South Bow has a 52-week low of $21.12 and a 52-week high of $27.30.

Hedge Funds Weigh In On South Bow

Several large investors have recently modified their holdings of SOBO. Roxbury Financial LLC bought a new position in South Bow in the 4th quarter valued at approximately $29,000. Wiser Advisor Group LLC bought a new stake in South Bow in the 4th quarter worth about $27,000. Assetmark Inc. purchased a new position in South Bow in the 4th quarter worth about $33,000. Sit Investment Associates Inc. bought a new position in South Bow during the 4th quarter valued at about $34,000. Finally, Rhumbline Advisers purchased a new stake in shares of South Bow during the 4th quarter valued at about $34,000.

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.