South Bow downgraded to Neutral at CIBC on valuation, ‘weak’ guidance
https://www.tipranks.com/news/the-fly/macerich-price-target-lowered-to-19-from-23-at-truist

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As previously reported, CIBC downgraded South Bow (SOBO) to Neutral from Outperformer with an unchanged price target of $25. The shares previously reached the firm’s price target which combined with “weak 2025 guidance” drives the downgrade. The firm believes the weak marketing guidance for 2025 is due both to market conditions and management’s intention to reduce exposure in a volatile period, the analyst tells investors.

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