Goldman Sachs Maintains Neutral on Petrobras Brasileiro, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruno Amorim maintains a Neutral rating on Petrobras Brasileiro (NYSE:PBR) and raises the price target from $12.5 to $13.
June 13, 2023 | 12:41 pm
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Goldman Sachs maintains a Neutral rating on Petrobras Brasileiro and raises the price target from $12.5 to $13.
Goldman Sachs' decision to maintain a Neutral rating on Petrobras Brasileiro indicates that they do not expect significant changes in the stock's performance in the short term. However, the increase in the price target from $12.5 to $13 suggests a slightly more optimistic outlook for the company's future performance. This news may not have a strong impact on the stock price in the short term, but it could influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100