Jefferies Initiates Coverage On Petrobras Brasileiro with Buy Rating, Announces Price Target of $21.2
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Alejandro Demichelis has initiated coverage on Petrobras Brasileiro (NYSE:PBR) with a Buy rating and a price target of $21.2.
September 21, 2023 | 9:14 am
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Jefferies has initiated coverage on Petrobras Brasileiro with a Buy rating and a price target of $21.2, which could positively impact the stock in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. A Buy rating from a reputable firm like Jefferies indicates a positive outlook for the stock, which could lead to increased buying pressure and a potential increase in the stock price in the short term.
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