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

March 7, 2013 7:59 AM EST
Get Alerts PBR Hot Sheet
Price: $11.32 --0%

Rating Summary:
    7 Buy, 10 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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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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