Bradesco Corretora Maintains Neutral on Petrobras Brasileiro, Announces $10 Price Target
Portfolio Pulse from richadhand@benzinga.com
Bradesco Corretora analyst Vicente Falanga has downgraded Petrobras Brasileiro (NYSE:PBR) from Outperform to Neutral and set a price target of $10.
July 27, 2023 | 9:16 am
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NEGATIVE IMPACT
Petrobras Brasileiro has been downgraded from Outperform to Neutral by Bradesco Corretora, with a new price target of $10.
The downgrade from Outperform to Neutral by Bradesco Corretora indicates a less optimistic outlook for Petrobras Brasileiro. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $10 also provides a benchmark that could influence investor sentiment and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100