South Bow (NYSE:SOBO) Downgraded by Wells Fargo & Company to “Strong Sell”

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

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

South Bow Trading Up 2.7 %

Shares of NYSE:SOBO opened at $23.42 on Wednesday. South Bow has a 1 year low of $21.12 and a 1 year high of $27.30. The company has a 50 day moving average price of $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.