CIBC upgraded shares of South Bow (NYSE:SOBO – Free Report) from a neutral rating to an outperform rating in a research note published on Thursday morning,BayStreet.CA reports. They currently have $25.00 target price on the stock, up from their previous target price of $23.00.
A number of other research analysts have also recently weighed in on SOBO. US Capital Advisors upgraded shares of South Bow to a “strong-buy” rating in a report on Monday, October 28th. Scotiabank upgraded shares of South Bow to a “hold” rating in a research note on Friday, December 27th. Jefferies Financial Group assumed coverage on South Bow in a research note on Tuesday, October 8th. They issued a “hold” rating on the stock. Wells Fargo & Company cut South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. Finally, Cibc World Mkts raised South Bow to a “hold” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, South Bow presently has a consensus rating of “Hold” and an average price target of $25.00.
View Our Latest Research Report on SOBO
South Bow Price Performance
South Bow Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.58%. South Bow’s payout ratio is currently 114.29%.
About South Bow
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.
Further Reading
- Five stocks we like better than South Bow
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- MercadoLibre: Latin America’s Digital Titan Just Got Cheaper
- Consumer Discretionary Stocks Explained
- Breaking Down Pegasystems, A Wedbush Top AI Pick for 2025
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Shutterstock and Getty: A $3.7 Billion Visual Content Giant
Receive News & Ratings for South Bow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Bow and related companies with MarketBeat.com's FREE daily email newsletter.
