Morgan Stanley Upgrades Petrobras Brasileiro to Overweight, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Petrobras Brasileiro (NYSE:PBR) from Equal-Weight to Overweight and increased the price target from $18 to $20.
August 26, 2024 | 12:26 pm
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Morgan Stanley has upgraded Petrobras Brasileiro to Overweight and raised the price target to $20, indicating a positive outlook on the stock.
The upgrade from Equal-Weight to Overweight by a major financial institution like Morgan Stanley suggests increased confidence in Petrobras's performance. The raised price target from $18 to $20 indicates expectations of stock price appreciation, likely leading to positive investor sentiment and potential short-term price increase.
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