Core Viewpoint - Morgan Stanley analyst Robert Kad has raised the price target for South Bow (SOBO) to C$35 from C$34 while maintaining an Underweight rating on the shares, indicating a cautious outlook on the stock despite the price target increase [1]. Group 1: Price Target and Rating - The price target for South Bow (SOBO) has been increased to C$35 from C$34 [1]. - The firm continues to hold an Underweight rating on SOBO shares, suggesting a bearish stance on the stock's performance [1]. Group 2: Industry Context - The update on price targets is part of a broader review of North American Midstream & Renewable Energy Infrastructure stocks under Morgan Stanley's coverage [1]. - A framework agreement for a Canadian crude oil pipeline project and oil sands carbon capture has been reached, but there are still several unknowns that remain, indicating potential uncertainties in the sector [1].
South Bow price target raised to C$35 from C$34 at Morgan Stanley