HSBC Downgrades Petrobras Brasileiro to Hold, Announces $13 Price Target
Portfolio Pulse from richadhand@benzinga.com
HSBC analyst Lilyanna Yang has downgraded Petrobras Brasileiro (NYSE:PBR) from Buy to Hold and announced a $13 price target.
August 10, 2023 | 12:21 pm
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HSBC has downgraded Petrobras Brasileiro from Buy to Hold and set a $13 price target.
The downgrade from Buy to Hold by HSBC 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 $13 price target also provides a benchmark for investors, which could influence trading decisions.
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