JP Morgan Upgrades Petrobras Brasileiro to Overweight, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has upgraded Petrobras Brasileiro (NYSE:PBR) from Neutral to Overweight and increased its price target from $16.5 to $19, indicating a positive outlook for the company's stock.
September 25, 2024 | 1:09 pm
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JP Morgan has upgraded Petrobras Brasileiro from Neutral to Overweight and raised the price target to $19, suggesting a positive short-term outlook for the stock.
The upgrade from Neutral to Overweight by JP Morgan, along with an increased price target, typically signals confidence in the company's future performance, likely leading to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100