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Barclays Downgrades Petrobras (PBR) to Equalweight, Cuts Price Target to $33

February 17, 2012 7:28 AM EST
Get Alerts PBR Hot Sheet
Price: $17.88 -0.06%

Rating Summary:
    10 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Barclays downgraded shares of Petrobras (NYSE: PBR) to an Equalweight rating from its previous rating of Overweight. The firm also reduced its price target from $38 to $33.

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 $29.34 yesterday.


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