Understanding the Risks of Investing in Petroleo Brasileiro S.A. Petrobras ADR (PBR)

Morgan Stanley downgraded its Petroleo Brasileiro S.A. Petrobras ADR [PBR] rating to an Equal-weight from a an Overweight in a research note published on March 11, 2024; the price target was decreased to $18 from $20. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock […]

Investing in Petroleo Brasileiro S.A. Petrobras ADR (PBR): What You Must Know

HSBC Securities upgraded its Petroleo Brasileiro S.A. Petrobras ADR [PBR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. UBS also remained covering PBR and […]

PBR’s short interest shows a sharp rise on Jan 31, 2024

As published in a research note from HSBC Securities on October 13, 2023, Petroleo Brasileiro S.A. Petrobras ADR [PBR] has been rated up from a Hold to a Buy. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of August 24, 2023, UBS has increased […]