Goldman Sachs Maintains Buy on Petrobras Brasileiro, Lowers Price Target to $16.7
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruno Amorim maintains a Buy rating on Petrobras Brasileiro (NYSE:PBR) but lowers the price target from $19.3 to $16.7.
August 13, 2024 | 1:39 pm
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Goldman Sachs analyst Bruno Amorim maintains a Buy rating on Petrobras Brasileiro but lowers the price target from $19.3 to $16.7.
The maintained Buy rating suggests continued confidence in Petrobras Brasileiro's performance, but the lowered price target indicates a more cautious outlook on its short-term valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100