South Bow (SOBO) Gains on Keystone Pipeline Revival

3 days ago 4

Sheryar Siddiq

Tue, March 31, 2026 astatine 3:36 AM CDT 1 min read

South Bow Corporation (NYSE:SOBO) ranks among the recent spin-off companies that hedge funds are piling into. On March 9, Wolfe Research boosted South Bow Corporation (NYSE:SOBO)’s terms people to $27 from $24, contempt retaining an Underperform standing connected the company’s stock. The terms people hike comes aft the institution rallied successful effect to quality of the Keystone XL reboot, which has been verified arsenic the Prairie Connector project.

Meanwhile, Scotiabank accrued its terms people for South Bow Corporation (NYSE:SOBO) to $34 from $30 connected March 6, retaining a Sector Perform standing connected the stock. The revision came aft South Bow’s fourth-quarter net report.

South Bow Corporation (NYSE:SOBO) reported fourth-quarter adjusted EBITDA of $252 million, which was marginally higher than Scotiabank’s estimation of $250 cardinal and the statement of $250 million. The institution reiterated its EBITDA guidance for 2026 and enactment the Blackrod task into operation.

South Bow Corporation (NYSE:SOBO) owns and operates captious crude lipid pipelines and facilities spanning Canada and the United States, chiefly connecting Alberta’s lipid accumulation to US refining markets successful the Midwest and Gulf Coast.

While we admit the imaginable of SOBO arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and 15 Stocks That Will Make You Rich successful 10 Years

Disclosure: None. Follow Insider Monkey connected Google News.

Read Entire Article