What To Know About JP Morgan's Upgrade of Petrobras Brasileiro
Portfolio Pulse from Benzinga Insights
JP Morgan upgraded its rating of Petrobras Brasileiro (NYSE:PBR) to Overweight with a price target of $15.50, up from $11.50. Shares of Petrobras Brasileiro are trading up 0.8% at $13.87 per share.
June 12, 2023 | 5:01 pm
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JP Morgan upgraded Petrobras Brasileiro (NYSE:PBR) to Overweight and raised its price target to $15.50. The stock is currently trading up 0.8% at $13.87 per share.
JP Morgan's upgrade of Petrobras Brasileiro to Overweight and the increase in the price target to $15.50 from $11.50 is a positive signal for the stock. This indicates that the analyst believes the stock has potential for further growth. As a result, the stock price is likely to go up in the short term, as investors react to the positive news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100