South Bow price target raised to C$33 from C$32 at Jefferies

Jefferies analyst Anthony Linton raised the firm’s price target on South Bow (SOBO) to C$33 from C$32 and keeps a Hold rating on the shares as part of a Q4 preview for the Canada midstream group. The firm is sitting in-line with consensus estimates heading into Q4. Accelerating tariff rhetoric has weighed on the sector and investors will remain on the sidelines until there is greater clarity, the analyst tells investors in a research note.