UBS Maintains Buy on Petrobras Brasileiro, Lowers Price Target to $18.1
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Luiz Carvalho maintains a Buy rating on Petrobras Brasileiro (NYSE:PBR) but lowers the price target from $19.4 to $18.1.
August 19, 2024 | 2:06 pm
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NEUTRAL IMPACT
UBS analyst Luiz Carvalho maintains a Buy rating on Petrobras Brasileiro but lowers the price target from $19.4 to $18.1.
The Buy rating suggests continued confidence in Petrobras' performance, but the lowered price target indicates some caution about future growth. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100