South Bow (NYSE:SOBO) Now Covered by TD Securities

Research analysts at TD Securities started coverage on shares of South Bow (NYSE:SOBO) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm set a “hold” rating on the stock.

Several other brokerages have also recently issued reports on SOBO. Cibc World Mkts upgraded shares of 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 report on Tuesday, November 19th. Morgan Stanley started coverage on South Bow in a research note on Friday, October 25th. They set an “underweight” rating for the company. Scotiabank upgraded South Bow to a “hold” rating in a research report on Friday, December 27th. Finally, Jefferies Financial Group initiated coverage on shares of South Bow in a research note on Tuesday, October 8th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, South Bow has a consensus rating of “Hold” and a consensus price target of $25.00.

South Bow Stock Up 0.5 %

NYSE:SOBO opened at $23.36 on Wednesday. The stock has a 50 day moving average price of $24.42. South Bow has a 1-year low of $21.12 and a 1-year high of $27.30.

Institutional Investors Weigh In On South Bow

An institutional investor recently bought a new position in South Bow stock. Hennessy Advisors Inc. acquired a new stake in South Bow Co. (NYSE:SOBO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,700 shares of the company’s stock, valued at approximately $276,000.

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.