Morgan Stanley Upgrades Petrobras Brasileiro to Overweight, Raises Price Target to $16.5
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Bruno Montanari upgrades Petrobras Brasileiro (NYSE:PBR) from Equal-Weight to Overweight and raises the price target from $12.5 to $16.5.
June 07, 2023 | 9:16 am
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Petrobras Brasileiro (NYSE:PBR) has been upgraded to Overweight by Morgan Stanley, with a raised price target of $16.5.
Morgan Stanley's upgrade of Petrobras Brasileiro to Overweight and the raised price target of $16.5 indicate a positive outlook for the stock. This news is likely to attract more investors and drive the stock price up in the short term.
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