Jefferies Downgrades Petrobras Brasileiro to Hold, Lowers Price Target to $17.7
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Alejandro Demichelis has downgraded Petrobras Brasileiro (NYSE:PBR) from Buy to Hold and lowered the price target from $21.2 to $17.7.
May 15, 2024 | 4:04 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Jefferies analyst Alejandro Demichelis downgraded Petrobras Brasileiro from Buy to Hold and reduced the price target from $21.2 to $17.7.
The downgrade from Buy to Hold and the significant reduction in the price target from $21.2 to $17.7 by Jefferies is likely to negatively impact investor sentiment and short-term stock price performance for Petrobras Brasileiro.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100