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Credit Suisse Upgrades Petrobras (PBR) to Outperform, Co. at Inflection Point

March 7, 2013 7:59 AM EST Send to a Friend
Get Alerts PBR Hot Sheet
Price: $16.78 -1.81%

Rating Summary:
    8 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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Credit Suisse upgraded Petrobras (NYSE: PBR) from Neutral to Outperform with a price target of $25.00. Analysts stressed they have been caution for years but added that yesterday's move to raise diesel prices may be the beginning a change in attitude, and the company might be at a "inflection point".

For an analyst ratings summary and ratings history on Petrobras click here. For more ratings news on Petrobras click here.

Shares of Petrobras closed at $16.68 yesterday.




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